Pay $25K in Credit Card Debt or File Bankruptcy? - Fox Business

09/11/12

Pay $25K in Credit Card Debt or File Bankruptcy?
Fox Business
I don't have information on your income or monthly expenses, so I cannot comment on your monthly budget, but you are very likely eligible for Chapter 7 bankruptcy. The 401(k) money, as long as it remains in that account at the time of filing, is exempt.

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