You can do it yourself first. You will need to compile an inventory of your expenditures. This summary should contain all of your monthly, annual, quarterly, weekly, and other expenses. Do not omit expenses such as automotive repairs, co-payments, doctor visits, and oil changes. This must be a comprehensive compilation.
Next, you must create a budget. Start with the most essential bills, such as your mortgage, utilities, car payment, and insurance. Start primarily with what you must pay to subsist. Then, proceed on to the less important bills, such as credit card bills.
After you've paid all the expenses you can, you should leave room for savings. You must save for emergencies in order to avoid taking out a loan or using a credit card to cover one. You should set aside approximately 10% of your income as an emergency fund.
You must also incorporate entertainment for yourself and your family. This can be an excursion to the movies or another inexpensive activity. You must reward yourself and your family for sticking to the monthly budget you established.
Now, whatever you can afford beyond your budget must be applied to your debts. Begin by paying off the slightest debt before moving on to the next. If the debt you are attempting to settle is several years old or if you have ceased making payments, contact the company to see if they will settle for a lesser amount.
The alternative option is to consult with your priest or pastor. They will be able to provide you with financial guidance, and there is usually a church volunteer willing to assist you in creating a budget to get out of debt.
Therefore, the answer to the question """"Can I file for bankruptcy for free?"""" is no; however, this does not imply that you cannot get out of debt for free. In any case, bankruptcy is terrible for you, and you need an alternative.""
" - https://www.affordablecebu.com/
