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In bad credit card debt. Should I file for bankruptcy or is there a program that can help?

I am in very bad credit card debt. i owe about 16 thousand and make only $462 a week take home. I also pay $450 a month for rent plus utilities. If i filed for bankruptcy, what are the procedures and how long would it take until i can restore my credit and get credit again (i live in New York city..brooklyn) I keep trying to make payments..since i owe so much i miss payments sometimes and get way off track and have a bad time getting back on track. for instance…i finally payed my chase card $234. the customer service woman said that next payment would only be 120 and now the automated service is telling me my minimum payment is 400….how can i handle that. My main concern is getting out of this without effecting me horribly in the long run? after filing for bankruptcy how long would it take to restore credit…does it apply differently to different people? are their any programs that can help that wont hurt my credit? PLEASE HELP!!!!!!!

My uncle declared bankruptcy in 1985 and still cannot get a car or house loan, even though he has had a steady job since then. Do whatever you have to do to avoid declaring bankruptcy, because once you do, life will get even more difficult than it seems now.

All I can say is try to borrow money from a friend/family member, work extra hours, and cut your expenses to bare minimums. I cannot stress to you enough how important it is that you stick it out and avoid the big B word.

davidsfarm oppinion on the bankruptcy of US car makers