To help you manage your finances better and attain debt relief, St. Thomas financial advisors recommend the consideration of methods other than filing for bankruptcy. For instance, you may be able to set aside more money towards debt payment by simply overhauling your household budget and freeing up more of your money. You may also want to talk to your creditors about your financial circumstances and ask them to restructure your debt payment plan by extending the duration for lower monthly payments. You should also consider a debt consolidation loan to ease the burden of high interest costs and save cash.