Bankruptcy is not a position that people want to find themselves in. Despite what we see on the news about people abusing the system to get out of paying their debts, most people wait much longer than they should before filing bankruptcy.

Bankruptcy is a legal way to resolve some of your debts.  If you find yourself in a situation where you can no longer afford to pay your necessary living expenses (food, rent, clothes, transportation, utilities, medical) and you have other non-necessary debts (credit cards, old medical, past judgments, repossessed cars, anything you are paying for you no longer have, use or need.)