Bankruptcy should only be used as your last resort
Bankruptcy should only be used as your last resort option after you have explored every alternative option. A better option would be to retain a debt negotiation service. Also you should contemplate the consequences that will come back later on down the road. You would have to find a lawyer, go to court and that would run you a substantial amount of money. There is also the matter of it being on your FICO history anywhere from 7 to 10 years. When you are signing any significant application or document you will always have to answer yes when asked the question about bankruptcy, so this does have a extremely long lasting effect on your credit.