I don’t think anyone would like to file for bankruptcy. Unfortunately, without any planning there are lots of ways and circumstances that can turn manageable credit repayments into a serious debt problem. Of course, the best way to avoid credit problems is to manage your debt and you could start by paying your credit cards and debts on time. You can also set a limit on your credit cards and watch out for credit card fraud. What I would do is pay with cash whenever possible, because remember: plastic is always more expensive than paper.If you are in a situation when you are facing bankruptcy, you should check out a Debt Managment Plan. It can consolidate all debts into one affordable monthly or weekly payment while getting rid of your late payment charges and frozen interest.