List, and add up, all of your regular monthly expenses for necessities . If you have a car loan and you want to keep the car, include the car payments too. Then add up the monthly income for everyone in the house who shares expenses. Include your job, public benefit checks, food stamps, pensions, or disability payments. If your income is a lot less than your expenses, then bankruptcy might not help.
Bankruptcy only wipes out old debts.
Also look at how old your debts are. Most consumer debts only stay on your credit report for seven years. A bankruptcy will stay for ten years.