It is one of the worst experiences that we can have and for the most part many of us have managed to avoid it. The term bankruptcy makes us feel as though we are getting ready to experience a train wreck and for those who have been down this road will attest to that fact. Some people believe that they can handle this on their own, while the smarter ones seek the services of an attorney, regardless of whether they choose the chapter 7, 11 or 13 option. My financial responsibility is something that I try to take very seriously, especially since I prefer not to be a burden to anyone else. Although we try to avoid the possible pitfalls that can bury us financially, there are certain situations that can not be avoidable. A few problems that can cause us to be a train wreck waiting to happen could be an unplanned medical disaster, a job related disaster where the income is cut in half, or a national economic disaster where the entire country suffers.