"File bankruptcy" means to legally declare that you cannot repay the debts you owe to creditors. This process can provide relief from your debts and help you manage your financial situation. Full definition
A local bankruptcy attorney can help you decide if filing bankruptcy is the right option to help you and your family stop foreclosure. (totalbankruptcy.com)
Taking on new debt without a plan to pay it off defeats the purpose of filing bankruptcy in the first place. (hoyes.com)