Over the course of your life you are going to have to make some pretty heavy decisions, and most of these decisions are going to impact your future in a pretty serious manner at this current point in time. One such decision would involve deciding to go bankrupt which is something that quite a few people are unfortunately being forced to do due to the dire state of the economy at present. This is a decision that would weigh on you quite heavily, but you should consider all of your options before you end up making it.
A really essential consideration you should make to understand why you should file for bankruptcy is figuring out what your local laws are surrounding it. Some states have very relaxed laws surrounding bankruptcy which means that they would not force you to do anything that you would not want to do at all without a shadow of a doubt. Other states would not be so lenient with you, and in such areas it might not be all that great of an idea for you to think about such a thing in the first place.
Where you live can have a pretty enormous impact on how you would go about your bankruptcy proceedings, and as a result of the fact that this is the case you should consider it very carefully. Try to contact a professional and ask them what kind of experience you would be in for once you consider such a thing, and make sure that you ask them a lot of other questions as well. This is something that will not go easily for you if you are not responsible about it after all.