Well, there's plenty of advantages. One of the first and foremost that most people think about is called the automatic stay. That's important because it stops all garnishments, all lawsuits, all creditor calls, and it takes effect immediately upon the filing of a bankruptcy. The other advantage is that it often gets rid of taxes that are old enough. You get a fresh start. If you're having problems paying your bills, robbing Peter to pay Paul, it's often a good time to file bankruptcy in order to get rid of that, once and for all, and be able to start fresh.