Deciding to declare bankruptcy is a difficult decision and one not to be taken lightly. In some situations it can be the right or wrong thing to do. You need to remember that bankruptcy will affect your reputation, self-image, and future credit. However, it can improve your quality of life as the communications from creditors begin to dwindle down.
Not all bankruptcy cases are the same. There are several factors involved when beginning the process. An attorney will evaluate information including your personal income, assets, ownership of property, and debt obligations. Based on your individual situation, there will be a recommendation and plan for how to proceed.