Bankruptcy - Is It A Good Option The reason people take this hasty action with such a low debt amount is the harassment and overwhelming pressure from impatient collectors trying to recover their money. In the case of Consumer Credit Counseling agencies, once they find that they are unable or unwilling to help, they will suggest "bankruptcy" as the answer - unconcerned of the effect it will have on your future. In bankruptcy, a...... Similar Editorial : After Bankruptcy by John Harris. | Source : Bankruptcy Records In