Filing bankruptcy is for individuals, couples, and businesses who cannot afford to pay their creditors. By filing you get a fresh start by liquidating your assets to pay off debts, or by creating repayment plans. Bankruptcy law is divided into chapters. How and what you file depends on what your needs are.
Chapter 7 is the most common form of bankruptcy. By filing Chapter 7 you do not create a repayment plan, but rather sell off your property to pay your debts. Filing can be tricky and may require someone with knowledge of how to proceed, depending on the facts of your case. Without a knowledgeable attorney you may find yourself worse off than you were before filing. But by filing correctly you will have a fresh financial start. You must weigh your options whether you feel you need an attorney or not. This is a decision that you will need to make yourself, as it will greatly affect your life.