I may not personally experience bankruptcy but a loved one experienced filing bankruptcy many years ago. I think there are those times that you are not already in control of your finances. Causes varies from personal, business, and other factors that got you in a financial mess and nothing can take you out from that predicament but to file bankruptcy. When the economy started to fall, I heard and saw on the news people foreclosing their homes and file for bankruptcy because they said there is no way out.
I think it depends on you if you believe bankruptcy is the solution then you know what will be it’s consequences to your personal life, especially to your credit. Some people felt embarrassed about it but always remember that the tough economic situation we are in right now really play a big role in our personal finances as well. One thing to remember though at times like this, is to have reliable resources that knows the laws. A Nebraska Bankruptcy Lawyer have lots of resources when filing for bankruptcy. In their website I learned about Chapter 7, 11, and 13 types of bankruptcy. A good guidance from a competent lawyer when doing debt liquidation is great. This is why it is important that lawyers to represent whoever wants to file bankruptcy should be compassionate and do not take advantage of the situation.