Carefully examine your financial targets before you pull the bankruptcy trigger.  While bankruptcy often takes care of immediate debts (and usually stops foreclosure), it has long-term consequences.  It may fix present problems, but create problems for your future in terms of your credit scoreBankruptcy tends to limit more severely your ability to get a loan for a house, a car, or an education.

Bankruptcy carries long-term consequences you need to know and understand before you file.  While it is a drastic measure, bankruptcy could be the deep beginning to financial recovery.

To learn more about the basics of bankruptcy, the US Courts has a collection of short films online for free to give you general information at to your attorney about the specifics of your situation to help you decide if bankruptcy is right for you.