Who should consider filing for bankruptcy?

Who should consider filing for bankruptcy?

Janet Bodnar (Deputy Editor, Kiplinger’s Personal Finance) gives expert video advice on: Who is eligible to file for personal bankruptcy?; How do I file for bankruptcy?; How long will filing for bankruptcy impact my credit rating? and more...

Anyone should consider filing for bankruptcy if he or she has exhausted every other possibility of getting out of debt, and they just feel they're in over their heads. They've tried to go it alone, that hasn't worked. They've gone to a credit counselor, that hasn't worked. They just want to get this monkey off their back, and they've exhausted every other avenue. Then, I think, filing for bankruptcy is a way of just getting a fresh start.