The question "How to file for bankruptcy?" Is not difficult to answer. The initial response is to understand the legalities behind the act. You will need to look at a copy of the bankruptcy act or law as it applies to your particular, province, county, state or country. Essentially, bankruptcy is defined worldwide as the inability to meet the demands of your creditors. The process of bankruptcy begins with the realization there is no other way out from your financial predicament. Once this course is decide upon, you need to consult a lawyer. In some instances, the law requires you take a course in debt counselling several months prior to filing for bankruptcy. After completion, you can proceed to file the papers (or petition) the court.