One of the options available to families and individuals who find themselves in financial trouble is to file bankruptcy. On the surface, taking this type of legal action can seem like the perfect solution for becoming free from mountains of unpaid credit card bills and other debts. However, filing for bankruptcy protection also carries some serious consequences that must be considered. If you or someone you care about is struggling with burdensome debts and considering filing for bankruptcy, here are three important consequences that must be considered before moving forward.