No one wants to get to the point where they have to consider bankruptcy. It is often an action they put off to the very last moment. Many people will put up with months of badgering from bill collectors, and even get to the point where they are soon going to face legal action. Even then they will question as to whether there may be some other type of solution. Bankruptcy has been put in place to afford financial relief to individuals that just don't have any other financial resources to rely on to help them get out of their financial mess.
You may still not be convinced that this is the right choice for you. By setting up an appointment with a reliable Louisville bankruptcy lawyer it will give you the chance to hear an opinion of an expert who is experienced in this form of financial relief. If this expert advises you that bankruptcy is indeed your best choice then you would do well to proceed with the bankruptcy action recommended.
The telltale signs that bankruptcy is your only option is when you have got to the point that no matter what type of payments you are making you just seem to be getting more in debt. Most probably the payments being made are not even covering the interest so you are right, you are getting deeper into debt. If you are getting to the point where you are using up all of your savings and are still struggling, or the bill collectors are constantly hounding you then you have probably reached the point where you need the financial relief that bankruptcy can bring you.