Should You File?

It may be your only choice,

but know the consequences before deciding........ By GLENN CURTIS Updated October 30, 2021 Reviewed by CHIP STAPLETON Fact checked by PETE RATHBURN People who have racked up more debt than they can repay are sometimes left to ponder whether they should file for bankruptcy. There are several reasons it might make sense to take the plunge and file for Chapter 7 bankruptcy or Chapter 13 bankruptcy. However, making that decision also carries some serious consequences.