If you're facing a large amount of debt and can't find a way to pay it back, bankruptcy is always an option. Many people today file bankruptcy when they have nowhere to turn. However, to ensure you make the right financial decisions, you need to consider this advice from bankruptcy attorneys. Consider Other Options First Bankruptcy should never be the first option when facing financial hardship. It's sort of a last-resort option because it can affect your financial future for a long time to come.