If you have been thinking about filing bankruptcy, then you may not know that you are not alone. It's reported that last year in Kentucky 540 out of every 100,000 individuals had to use the bankruptcy laws in order to seek out debt relief. However, if you have filed bankruptcy within the last six years then you cannot utilize the Chapter 7 liquidation filing. This is the bankruptcy filing which can eliminate most of your debt. However, if you're behind car or house payments, you could look into Chapter 13.