Today many Americans are using more money than they have. Most of them use more money that they know they can not pay back. With this happening a lot of the people are in the need to file bankruptcy. This is not a fun option if this happens to you, but it happens to many of us when you least expect it. However, it is pretty much a simple process if you were to decide to file bankruptcy. What you will need to do is go to a lawyer’s office and find out bankruptcy information. The lawyers are there to help you at this time of need. This is what they are trained to do. Yes it clears all the debt you owe and at the same time it gives you bad credit. For couple of years before you can reopen a credit card again. This is hard for a lot of people. How can anyone survive when the price of living is moving way up and the income you are making is staying the same? Most people work 40 hours a week cannot even get a raised, scared to quit and find another job because it is hard to find a job these days.