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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You are thinking Op would do chapter 7 but I think chapter 13 is going to be much better if she wants to keep her car, retirement etc. chapter 13 is reorganization of debt and you still end up paying some of the debt including CC. Creditors have gone smart about it and it’s not as easy as it looks. Dealing with lawyers and paying them is another concern. [/quote]

Not to mention, it's debt she incurred and is responsible for...the whole "just declare bankruptcy" advice is insidious and a sign of what a crap nation the US has become. But might as well be like dear leader I guess? Trump is such a shining example of responsibility. [/quote]

Bankruptcy laws have existed for years.  [/quote]
And imo unless it's medical debt, you should still be responsible for it.

The two people who I know who filed bankruptcy were financially irresponsible, didn't live within their means.  They created the mess when they made enough to live comfortably.  They ran up credit card debt for wants and then couldn't pay it off.  And one wouldn't get a job if he didn't like the job.  So yeah. It is not others job to pay for your stupidity.  You take on the debt you have to figure out how to pay it off.  [/quote]

I am sure OP's situation is something like this in which she spent more than she makes and a lot on stuff either she wasn't smart about or overpaid for no reason. The really bad is the debt spiral when CC companies continue to charge you crazy amount on interests and people never get out of it. [/quote]

The CC companies "continue to charge you crazy amount on interests" because that is how it works.  If you don't understand that, you shouldn't be using a CC.  
I am over 50 and have NEVER paid interest on a CC, ever.  Why?  Because I understand how things work and I don't charge something if I cannot pay it off that month.  
I also understand wants vs needs, and certainly would never run up debt for "wants" (which is what most people do).

But the fact CC companies charge high interest is a well known fact, and something you should consider when using them.  It's not a surprise.  
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