No, it is almost never too late to file bankruptcy. Assuming that the debt is dischargeable (among other things, a dischargeable debt is a debt that wasn’t incurred through fraud, or a domestic support obligation, etc.), you can still discharge the debt even if a creditor has already gotten a judgment against you.You can even discharge the debt if they have put a lien on your property (although the lien will remain on the property unless you are able to remove it during the bankruptcy proceeding).