When you are in a spot where you have debt collector on one side and no way to repay the debts on the other, it is easy to see that you are in-between two huge boulders! Especially in today\’s economy, where people are going to be retrenched. To many people, Bankruptcy is an option that needs to be considered. When you are considering filing for individual bankruptcy and wants to get a fresh beginning, you will see that there are a number of things that you want to keep in mind.