If you are like millons of Americans you are seeing the glimmers of evidence that the economy is turning around. The three years the nation has suffered under the failing economy has tested the financial planning abilites of most households. However, as you face your future and decide upon financial directions to travel, remember the number one rule of reclaiming your finances….address your issues head on. Call your creditors and at the very least, acknowledge them and try to design a debt management workout plan. Its best to consult with an attorney on the possibilties and consequences of bankruptcy, but ignoring your debts could lead to future financial stumbling blocks. Stumbling blocks such as law suits that could lead to judgements, garnishments of bank accounts or income. Oftentimes these garnishments come “without” warning until after lein have been placed on assets…however, the real warning is coming right now. If you owe…don’t simply think that these debts will just somehow fix themselves…you have to act.