It's a sign of the times? Credit card debt, personal loans and other financial hardships can be the cause for many that are struggling paycheck to paycheck. The numbers are in for the amount of bankruptcies around our region and they don't look good.

According to MetroSource News:
The U.S. Bankruptcy court said in September bankruptcy filings in the Buffalo-Rochester region were up ten percent from a year ago. Of the 382 regional cases filed last month in bankruptcy Court, 118 were in Rochester.

There are many ways to avoid bankruptcy if you prepare well. True, there are moments that are unpredictable. Loss of a job. Emergency repairs to a house or a health related issues. However, here are a few things that may help get you in better shape financially.

According to TheBalance.com:

  1. Selling Some of Your Assets. ...
  2. Pay Your Way Out of Debt. ...
  3. Ask Creditors to Help You Avoid Bankruptcy. ...
  4. Seek Consumer Credit Counseling. ...
  5. Get Help From Family and Friends. ...
  6. Settle With Creditors and Debt Collectors. ...
  7. Use Everything in This List.