If you are in over your head in debt, bankruptcy can help you eliminate your debt and get a fresh start. But bankruptcy is not to be taken lightly. You could lose valuable property and take a hit to your credit. And for some people, nonbankruptcy alternatives might be just as effective.
If you're considering bankruptcy, take the time to learn what bankruptcy is, what it can (and can't) do, how it works, and how it might affect your property.