Reasons to file bankruptcy

You are being harassed by creditors (phone calls, letters, lawsuits)

Although you are keeping up with your payments, you'd like to make it easier to pay

You are facing the sale of your property because of not making the payments

Your vehicle or other valuable item is about to be, or has been, repossessed

A creditor has garnished your wages or bank account

You have been served with lawsuit papers because of money you owe

You've lost your job or are about to lose it

Your business is failing or has failed

Your driver's license has been suspended

You've been through a divorce 

Another person has used your credit cards to run up bills

You have accumulated so much debt that you can't make the payments

A person whom you depend on for support will no longer be providing that support

You have had an illness that resulted in medical bills you can't pay

You were the victim of a scam

You lost a lot of money because of gambling