Life has a habit of messing up even the best-laid financial plans. People get laid off from jobs and have difficulty finding a new one. Adults or children can develop a medical condition that, even with insurance, can cost an astronomical amount. Cars break down, houses need repair, children need clothes and everyone needs to eat. As one domino topples the next, you can find yourself staring up a mountain of seemingly insurmountable debt. When you stop answering your phone because the only ones calling are bill collectors and you start parking your car four blocks away so the repo men cannot find it, the idea of declaring bankruptcy might start flitting into your thoughts.
There's a reason the world needs bankruptcy lawyers. Filing for bankruptcy is a complex process that can take both a financial and emotional toll on people, especially if not done properly.