You should consider bankruptcy if

If any of the following apply, you should consider Bankruptcy:

Real Estate
You are behind on your mortgage payments
Your lender has filed a Notice of Default
Your lender has filed a Notice of Sale
You need time to sell your home at its market value
You have a judgment lien attached to your home
You are behind in your property taxes

Credit Cards
You have been sued by a credit card company
You cannot afford your minimum monthly payments
You cannot pay off your credit cards in less than 3 years
You make your payment but your balance is barely going down
Your interest rate is outrageously high
Your credit card balance keeps going up
The collectors call you like crazy and are driving you nuts

Car
You are behind on your car payment 
Your car is a constant mechanical headache and you want to dump it.
You have driven your car for almost 3 years and the loan balance is still more than the car is worth.
You leased a car and will be faced with a big redemption payment than you cannot afford.

Taxes
You filed your tax returns >2 years ago, the taxes are ? 3 yrs old and you want to wipe them out
You owe recent taxes but want to pay them back without interest
You want to solve all of your tax problems at one time

Lawsuits
You have been sued and cannot afford an attorney to defend yourself
You have been sued and to settle the case costs too much

Student Loan
You cannot possibly repay your student loan given your age, medical condition, current and future employment
The student loan lender has attached your paycheck
The student loan lender has intercepted your tax refund.