One of the major reasons people file bankruptcy is to discharge unsecured debt, often credit card debt.
(the housing angle plays in big too these days because of the historically unequaled run up in housing prices & the more than expected crash we are seeing played out now.)
If you’ve got credit card debt & want to see how much you can (or should) pay, take a look at this calculator:
http://www.debtsteps.com/minimum-payment-credit-card-calculator.html
It’s free!
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