Retirement Cards

I am deep in debt because of bad choices I made in life, a divorce and being unable to work for several months because of a medical condition. I recently graduated and I'm looking for a job full time. (Once I get a job, I do not think I earn enough to pay my bills. I pay 32% interest on some of my credit cards.) Meanwhile, I can not afford to pay the minimum balance on my credit cards. If I declare bankruptcy or should I cash in all my retirement accounts to pay these bills? Thank you for your contribution.

NO! You get penalized by about 40% to extract money.

You can not fail to read: The Total Money Makeover for advice on how to handle debt. You may need to sell everything (car, house, toys, etc.), but you can not go bankrupt.

If you pay alimony or child support, it may be worth the money to file a motion to amend your order.

No

Depends on your mobile. If it simply does not have credit cards the answer is no. If you want to use the money saved to save while you might think. Do the math. How much interest do you earn? How do you pay? Most people who do what you plan to be in the same situation, except with less pension and even if no more credit cards.

Get a credit counselor consumer. Me and my husband has put in place. It helps you to repay your debts faster and with less out of pocket for you. They work with businesses in your credit card and get a plan for you. In general, they will reduce your interest rate (if yours is currently 32%, they can get it reduced to 10%). Take money from your pension fund must be the last thing you do! Bankrpuptcy has helped many people. But I think you should try to check some sort of credit counseling. Go to Yahoo search engine and enter "services consumer credit counseling, it will most likely put in place some in your area. Good luck, as debt is the worst thing. Especially after the problems you've had to deal alraedy. I wish you the best

The bankruptcy could adversely affect your job search. Call your creditors and tell them you have no choice but to file bankruptcy. They will be eager to talk. Tell them that you need your interest rate to 10%, and the remainder cut in half. Be polite but very firm

No, if you can avoid it. You will be penalized and pay lots of taxes. I would only use this option as a last resort - see if you can draw a loan against your retirement plan and pay the high interest credit cards.

NEVER!

Avoid at all cost1

Find other ways to generate income to repay your debt!
Do not go bankrupt, you get out of this mess in the long term!