Question

which steps should be taken to get your finances in order and avoid filing for bankruptcy?
maximize your
credit card usage
to spread out your
payments.
take out loans to
cover immediate
needs and repay it
over time.
invest all your
savings in the
stock exchange
for quick returns.
seek credit
counseling to
develop a
customized debt
management plan.

Explanation:

• Maximizing credit card usage can lead to more debt.
• Taking out more loans adds to debt burden.
• Investing all savings in stocks is risky and not a stable way to fix finances.
• Seeking credit counseling to develop a debt management plan is a proactive, responsible step to organize finances and avoid bankruptcy as it provides expert guidance for debt repayment and financial planning.

Answer:

Seek credit counseling to develop a customized debt management plan.