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 considering Chapter 7 bankruptcy, Kody should explore options that may help him manage or repay his debts, such as debt counseling or consolidation. A counselor can review his finances and explain possible alternatives. Selling all his assets, stopping all payments, or withdrawing his entire retirement savings could worsen his situation and is not the appropriate first step.

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