You must provide more and detailed information before an opinion can be formed. Depending on your circumstances and present income, and the amount you owe, bankruptcy my not be your preferred option, and may only cause you to have an installment payment which will pay off all of the debts while you live on a budget determined by the trustee and court of the next five years. Look long and hard before you leap.
Answered on Aug 30th, 2012 at 1:44 AM