Host: What do I do if bankruptcy is inevitable?

David Marotta: If you have come to the conclusion that bankruptcy maybe inevitable, the first thing to do is just to stop and take a deep breath, it is not the end of the world. There are a lot of people who have been through bankruptcy; they could be some of your closest friends and they probably would not tell you about it because they are so shamed about it, but bankruptcy is not that bigger deal and there are ways to sort of step you through the process and there are people who will help you step through the process.

So, the first thing is to go to a bankruptcy lawyer and a credit counselor and to find someone that you can trust because there are always people that; even people who are going bankrupt, they will prey on you and try to take advantage of you. So, you need to find someone who is creditable in those areas and who can truly assist you, but a bankruptcy lawyer and a credit counselor can help in that process. And then, realize that things are going to be tight for the next ten years because you are not going to be issue the easy credit that we have in America, but that is actually for your own good and you need to start immediately sort of processing; okay! Post bankruptcy; how do I learn to live within my means? How do I learn to pay myself first and put savings away?