Imagine how you would feel if you applied for Medicaid thinking you were going to receive coverage for the medical needs you had in the last three months. Now, imagine how you would feel if that coverage was taken away by those who believe you don't deserve it.
Many different things will happen when you file for bankruptcy. One of the things that you might not expect is that you will get your life back. Debt collectors have a way of contacting people just enough to be bothersome while staying just shy of harassing you. This is maddening, but bankruptcy can put a stop to this.
Not everyone will qualify for Chapter 7 bankruptcy, but if you do, it's something to think about. It's not always the right choice, but there are enough benefits that you should at least have it on your radar if your finances are in disarray.