Currently, the shaky global economy has led to many people experiencing a loss of their own personal incomes either through job cutbacks at the workplace or from diminished hours and loss of overtime that many people had counted on to just make ends meet.
This has led to a situation where people may have debts they just are not going to be able to repay.
When a situation such as this arises, many people consider bankruptcy as a means to address their debt situation but this may not be the soundest or wisest step to take.
What most people don't realize is that there is money out there available that the federal government gives away as a gift in the form of grants.
These grants can be obtained for many different reasons, in fact.
The first thing to understand is that there has to be demonstrated a serious and verifiable condition that says the person who is burdened with such debt will not be able to repay it using traditional means such as bill consolidation loans or other forms of consumer credit.
Also, government grants are reviewed at several different levels along the way.
Knowing how to fill out a grant application properly will be highly important.
So, if a grant in order to help cope with crushing debt is being considered then ensure that you first visit a grant application website or the like found out on the Internet.
Additionally, the federal government has a website dedicated to instructing people about federal grants.
One would be well advised to visit both ahead of time.