I've got all my credit cards either at zero or 2% and the total payments to under $500 per month. I called them all up and told them I wanted to do whatever was possible to avoid claiming bankupcy. Once I told them that I had been advised to claim bankrupcy, they were willing to work with me.
But then I talked with a friend whose husband is claiming bankrupcy and she told me that it's not 10 years that it stays with you, and that in a year you're in better shape than you are now. I hadn't looked at it that way. So then I started thinking about what I could do with that $500 per month. That would add up to $6000 in a year.
Maybe bankrupcy wouldn't be such a bad thing after all.
