A: Possibly, depending on your circumstances. If you have little or no income and little or no assets, bankruptcy might be for you. The new bankruptcy laws make it almost impossible to put credit card debt into a bankruptcy filing. Bankruptcy is a huge step with implications that will last for many years, so check it out with caution. We can absolutely state it is a less expensive way to go. We will give you some information for you to consider, but we do not give legal advice and if you are considering bankruptcy (Chapter 7) you should see a bankruptcy attorney.