If you want to restructure your financial position in this crisis period you need to clear all the financial concepts along with Bankruptcy.
But due to my opinion Bankruptcy should be your last options. Because it will hamper your credit score. Here is a very interesting video for you all which may help you to know about bankruptcy.
I got the video from You-Tube.
So, Share your feedback about this video. And if you have any doubts regarding this Bankruptcy matter. Feel free to share with me through comments below. I will give you quick reply.