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The people I've known who filed bankruptcy were in much deeper than 5K in credit card debt, a car loan and student loans. My next door neighbor had $50K in medical bills and another $50K in credit card debt when she had breast cancer and her husband was dying of liver failure.
A friend of mine's son was hit by a car and ended up in the hospital that was 100 miles from her home for months. She wracked up thousands in credit card debt living in a hotel near the hospital for months. The auto insurance company of the driver and her own health insurance provider were in court for years over who was going to have to pay the medical bills. In the interim, the hospital was coming after her, threatening to garnish her wages, etc. She filed and all that was wiped out.
I know a couple who had $80K in credit card debt and couldn't get divorced because they couldn't afford that debt if they lived separately so they filed bankruptcy first and then split up.
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