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If you have built up debt throughout the past years that seems to get only worse and worse, you may feel like you are drowning and no one can help you. However, you are not alone. There are hundreds and thousands of people who are struggling with debt just like you and there are professionals out there who are ready to help. It is important that you consult a bankruptcy lawyer when you feel that you cannot get out of this debt hole by yourself, because the sooner you get help, the sooner you can get back on your feet. Here are some ways to help you get out of debt. Hire a Bankruptcy Lawyer It is important that you have someone on your side during your struggle. Many people find themselves having problems with debt, but several people do not know what to do when they find themselves in these situations, especially if they are embarrassed to talk about it. A lawyer can do wonders for helping you get back on the path of making and saving money again. They will take your debts and become a mediator between you and your creditors. If you file for bankruptcy they will be able to get a court mandated time frame for how long you have to pay your debts. Your debts will not always be forgiven, but you likely will be awarded more time without more interest being added upon your existing debts. Of course, filing for bankruptcy should be a very last resort. Bankruptcy will destroy your credit score, but if you are in debt over your head, it is likely that you don't have a very good credit score anyway. Always consult a lawyer before you use this as an option. Destroy Credit Cards Another great way to get out of debt is to destroy your credit cards. It is easy to think that you have a good chunk of money in the bank if you have a high credit line, but the fact is that that money is not your own. Just because it is available to you, doesn't mean you should ever use it. Credit cards should only be used to build credit and you should never use more than what you have in your checking account. If you find yourself being overly tempted to use credit cards that you have, one great way to solve this problem is to destroy these cards. Cut them into little pieces or throw them in the fire. Don't call the company to get a replacement. Live Cheaply If you are used to a certain lifestyle and your conditions have changed, such as a divorce, loss of a job, or an illness, it is time to live on the cheap. You could consider several various ways to save money. Moving in with your parents or family members is one option that many people are leaning toward. This is an easy way to save money. It may not be ideal for your family, but being able to move out just might be the motivation you need to get out of debt. You should also consider grocery shopping only according to ads and coupons. You can save a lot of money a month by making all your meals at home and buying meats, eggs, cheese, and other staples by using coupons. There are several things you can freeze easily, so buying in bulk is a great way to save. You should also consider being more creative with your entertainment. If you are used to going out to movies or eating out with friends, try to have a movie night at your home, or arrange a fondue night where everyone brings something to share. You don't have to give up your social life because you have to live cheaply. Consult with your bankruptcy lawyer for more ideas of how you can save while you get out of debt.
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