You have a bad feeling, and being broke and what comes next moves into the spotlight. Not a nice occasion, but many circumstances led to it. Often a divorce is involved that costs you dearly, and self-inflicted misery happens, too. Namely when you spend money and give no thought to paying it back.

Good advice is expensive

Or maybe not, because there are many ways to still avert being broke and what comes next, or to face it quite comfortably:

  • You have to be honest with yourself
  • List and lay out your debts
  • See a debt counselor
  • Talk to your bank
  • File for bankruptcy
  • And as always, begin a new, debt-free life

Just one thing you should not do: build an even bigger mountain of debt because you misjudge the situation. Better to act right away than to drag a whole tail of trouble behind you. And being broke and what comes next, as always, do not come out of nowhere. Many fail to see it, and many think, oh, it will work out, and drag their whole circle of friends into it. But that is cowardly and unfair and cannot be excused by anything. For this there are counselors as well as attorneys who help you out of the jam with legal assistance.

Sorting out your life anew

Why did it have to come to this, and why me? The others ask themselves that, too. Nobody forced you to live beyond your means and not stick to your income. A tidy sum adds up quickly. Now it is time to sort out your life anew and put being broke and what comes next in the shade. Those who fight against it and gradually pay down their debts show backbone and face this situation. After all, you managed to build up the debts all on your own. So it is only honest to pay them down again. Unfortunately, in Germany it is commonplace to operate by this motto. You live on credit, and let the others stay where they are. Still, everyone is responsible for themselves and has to answer for their doings and actions. So being broke and what comes next can be averted beforehand.

Broke and now what



Pleasure palaces offer no prospects
You can get the best advice online and find really good help in many forums and portals. Nothing will be the same as before, but castles in the air are simply not a prospect. On the contrary, they take away your view of what is essential. So when you are broke, the good old household budget and a comparison of income and expenses help. Only then does everything run on the right track. Because debts make you old and sick and cost some people their health and their good friends on top of it. So live frugally and treat yourself now and then, and the bailiff will not be at your door with his entourage.