You had an excellent job but your company was sold and you are now unemployed. Unemployment compensation is not enough to permit you to pay your debts as agreed. You also have a medical condition, say diabetes, that requires consistent treatment and medicine, neither of which you can now afford. You calculate your “new” budget and learn that if you could erase your current debts, you would have enough income to live and purchase your medicine and treatment. You realize that declaring bankruptcy is the best option for you in this situation.