While you could set this money aside to pay for a Hawaiian vacation, it's better to focus
on building an emergency fund first and then focusing on getting out of debt.
In either case, two of the ways to guard against debt and bankruptcy are to prepare for financial emergencies
by building an emergency fund and to keep spending within the limits of income.
When you look at the situation logically based on the current situation, future losses, and the ability to
build an emergency fund quickly, then bankruptcy can be the right choice.
Finally, remember that if you don't have any short - term disability benefit, you should immediately start
building an emergency fund if you haven't already.
If you have recently bought a home and there are no foreseeable issues with the structure, you should
still build an emergency fund, just in case.
These short - term sacrifices may allow you to pay down your other debts and
build your emergency fund so that your house payment is more manageable.