More people are experiencing trouble with their finances in today's economic state. There is recession going on in some industries which lead to job loss for some people. Some experience health problems and can't work anymore and acquired debts because of this. With these factors it would be difficult for someone to get back his finances on track. Most of the time people would settle for filing bankruptcy thinking that this can solve their financial problems. But will it really save someone from being broke? In most cases it doesn't. Because of this one should avoid filing bankruptcy and look for other means that will prevent increase in debts and most importantly stop debt lawsuits.