Each month Kody is struggling to make ends meet since maxing out his credit cards to pay for car repairs and medical bills. He is unaware of any way to resolve his financial issues and is considering filing for bankruptcy. Which step should Kody take before considering filing for Chapter 7 bankruptcy?

Before filing for Chapter 7 bankruptcy, Kody should explore alternatives that may help him manage his debt, such as debt counseling or consolidation. These services can help him make a repayment plan or combine debts into more manageable payments. Selling all his assets, draining retirement savings, or immediately stopping payments could create additional financial problems.

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