Feeling overwhelmed in debt, Denae reached out to a credit counselor, and together they created a budget and debt management plan. Then Denae lost her job and has been unable to find another position with sufficient income to maintain her budget and schedule. What step should Denae take next?
Answer
A
Denae should request an additional line of credit to pay existing creditors.
B
Denae should cease all bill payments pending her future bankruptcy filing.
C
Denae should seek guidance from an attorney skilled in bankruptcy law.
D
Denae should conduct the means evaluation for bankruptcy qualification.
Explanation
Losing her job means Denae can no longer maintain the debt management plan, so she should get advice about her legal options. An attorney skilled in bankruptcy law can explain whether bankruptcy is appropriate and what steps to take. Taking on more credit or stopping payments without legal advice could make her situation worse; she should not assume she qualifies for bankruptcy without guidance.
AI-written and checked against the verified answer.