Bankruptcy is an extreme decision. Consider it wisely and how it will impact your future credit for the next 10 years or more. You need to consider whether you can negotiate with your credit card companies to pay down the debt and while it may hit your credit, it won't be as harsh as a bankruptcy. Consider talking to credit counselors in your area that are truly non profit (no cost). They are usually the credit counselors of (add a particular state or county), They can probably help you reform what you need and go from there. Also consider whether you would (if bankruptcy is your only option) a Chapter 7 (full discharge) or a Chapter 13 (reorganization) or Chapter 11 (reorganization).