Before declaring Bankruptcy, it is essential to check whether a risk of Bankruptcy exists or not. To avoid bankruptcy, it is advisable to thoroughly examine your financial state and credit report before considering Bankruptcy services. First of all, check the schedule of your payments; see if you have been constantly late in making your payments. Also check, what are the payment you have been making, on the amount due on your debts and credit card limits. To avoid bankruptcy, and also to make an honest assessment of your financial position, these are the questions you should have an answer to.