Common Sense Advice for When You Can't Pay Your Bills

I liked this very practical article from the University of Florida about what to do when it all starts to fall apart.

First, prioritize your bills. Pay for food, shelter, and utilities.

Then, talk to your creditors. You might be able to work something out.

Third, keep talking to your creditors.

Fourth, negotate with the collectors.

Fifth, talk to your creditors again. (I'm sensing a theme here.)

The article also talks about the Wage Earner Plan which is an alternative to bankruptcy, and then bankruptcy itself. Let's see if we can keep it from getting to that point, shall we?