One of the questions you will likely have when you have a lot of debt is if you should file for bankruptcy. There are good and bad times to use bankruptcy, and it helps to know those situations so that you do it right.
You Have A Lot Of Debt
One thing that people do not realize is that it costs money to file for bankruptcy. You have to pay for filing fees, lawyer fees, and other costs associated with the bankruptcy, which may not make the hit on your credit worth it.