Among the tell tale signals that that Bankruptcy will be helpful for you is if the interest on your credit card accounts and bank loans are preventing you from paying down your monthly bills on a regular time table. Often what many persons in debt experience is that all of the money they are paying to their creditors is being applied to late charges and interest. When this happens, even though you are making regular payments, the bills actually increase. This is frequently due to the fact that many credit cards have very high rates of interest and late fees or default fees are added. When this is happening most of the monthly payment is being devoted to interest, late fees, default fees and sometimes legal fees and court costs.