Sometimes it is a difficult choice to file bankruptcy. While a declaration of bankruptcy gives applicants a second chance to better manage their finances, this decision must be made carefully. Getting professional advice from legal experts is a good way to find out whether there is a need to file a bankruptcy or not. Before filing bankruptcy, consider the following: Asses your finicial situation: The first step of assessing one’s financial situation is to gather all the bills to calculate the total expenditure. It is possible to neglect some extra bills if there is no regular practice of financial expenditure.…