One of the biggest and most daunting challenges of filing for bankruptcy, is that most people who make this decision are typically under severe stress — which, as any psychiatrist or psychologist will tell you, is not the ideal time (to put it mildly!) to make major life decisions.
However, the fact remains that people who file for bankruptcy typically do not have time on their side. They are facing an unsustainable debt scenario, and their creditors are unwilling to negotiate or compromise. On the contrary, their creditors are likely dialing up their aggressive collection tactics, in the hopes that debtors will get so emotionally exhausted that they throw in the towel, and just pay up to make them go away.