A great tip to implement before filing a bankruptcy claim is to seriously take some personal inventory. What you’re looking for are the bad decisions that led to this particular point in time. If you were hit by a bus and racked up hundreds of thousands in medical bills, you’re probably not at high risk for filing again, but if you recklessly maxed out your credit cards, you might want to rethink your habits. If you have trouble overspending, you might want to find help or you will find yourself in this situation again. See if there is an alternative you can use before declaring bankruptcy. For example, consumer credit counseling programs can help you by renegotiating your debts with your creditors into payments that you can afford. It is also possible to do your own debt negotiations; however, be sure to get everything in writing. Bankruptcy isn’t simple and immediate. There are a number of things to do, each of which deserves careful attention. If you apply this advice, you are certain to be prepared when bankruptcy rears its ugly head.