With life being so unpredictable and changes happening so drastically, sometimes financial woes and money hardships are just part of the equation. Whether it was the loss of employment, a change in your ability to work, a divorce, or something else, you may be facing a few different options to help you wade your way through to the other side. Two common ways for people to get through a sticky situation with mounting debt is filing for bankruptcy and seeking some type of debt consolidation.