Video: How do I determine if should file bankruptcy?

For a person who's considering whether bankruptcy is a good and viable option for them, obviously the first thing one needs to consider is are you able to pay your creditors? If the debts are mounting and you're unable to pay even more than the minimum payment, maybe a bankruptcy is something to consider. When you're making that consideration, you also have to consider what assets you own, because you don't want to file a bankruptcy and lose assets that are not protected under bankruptcy law.