Website: http://www.gursoylaw.com/bankruptcy Description: Many people have an inaccurate view of what bankruptcy is for, and when they should use it. People are often taught that they should only consider bankruptcy if there is absolutely no other option, and only in extreme cases. This is exactly what the banks and credit card companies want you to think, for obvious reasons. The reality is, however, that bankruptcy laws were written to help give consumers the ability to escape credit card and other type of debt without ruining their lives.