Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Bankruptcy? Should I or should I not? Chapter 7 or 13? - I am 30yrs old and just became a Dad and had quite some time to think my financial situation. I am in about $50,000 in unsecured debt. I make about $1800 a month (after taxes). I have been paying all my credit cards (I have 7) on time but usually the minimum. Due to my credit score and the recession we are in, some of my interest rates have defaulted to the max and I am now struggling to keep up with the payments, but I have not missed a single payment yet. There are days where I lay in bed and think about my situation. I want to file bankruptcy so I can start fresh and be able to support my family without any worries. br br I have been reading countless articles on bankruptcy on the internet. Some say it is not a good idea and others say they have better credit scores after filing. Can anyone chime in that is in process or has filed bankruptcy before. Has it really helped? Were you still able to purchase carhome? How long did it take? br br I appreciate any response or guidance.