Re: Help Needed
Just my opinion,
Bankruptcy should only be used as a last resort. There are serious consequences to filing for bankruptcy; among them that a bankruptcy remains on your credit report for a period of 10 years and when you fill out loan and credit applications, they will ask if you have ever filed for bankruptcy (in other words, not just in the last 10 years). Also, bankruptcy will exempt some of your loans but not all of them (depending upon where you live).
From what you've listed I think you should look first at cutting back as many of your expenses as you can. Use the savings to pay down your credit card debts (and of course stop using your credit cards and incurring further debt). Even an extra $10/month toward a credit card bill can cut your payback time and interest payments substantially.
Good luck, please keep us posted as to what you decide to do.
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