Well, I thought I'd check my credit report. I am fully aware of past mistakes and wondered how they were fairing. I found my total of bad debt is just a bit under 27K. 

Now back in 1995, I filed CH 7 on over $30K (Most was cash advances/Gambling addiction) and so I found out that even if you do go this route, the pain in not bad unless you have more then 1 car and possibly a house. Since I had neither, the pain was nothing. 

Now I "Could" wait another year and they'll basically drop out as the statute for my state is 6 years. Not that they can't bug me for repayment, but legally they can't win in court. Or, I could just file and be done with it. That would mean I have to stay renting for a bit longer, I "Might" get hit with having to repay some of the debt (Bankruptcy is not as loose as it was before the legal changes, repayments as low as $50 a month aren't uncommon) 

So, I am debating doing such. I know some here would say I should repay, I'd like to frankly, but that debt is just a tad much and unless I won a medium lottery prize ($40K or so) I just cannot see this occuring. 

So, I'll be pondering my options.

BK is short for Bankruptcy. Ch7 is the Chapter 7 which is a total clearing of all debts of the person seeking relief from creditors.

I'm just debating/pondering if it would be better to wait or to just slash and burn.