Filing bankruptcy should always be the final recourse.

Bankruptcy should only be a choice when you find yourself
in debt to a point where repaying your obligations is not
a possibility. If you have reached this point, however,
it may be your only recourse.

If you are considering filing bankruptcy, you should not
do so without giving it carefully consideration, or
without researching other possible avenues to relieve your
debt. Once you have filed bankruptcy, you will no longer
have any credit available to you. You won