So I have about 21k in CC debt over four credit cards. I lost my high paying job last year, in addition to a lot of other loss which led to deep depression and maxing out these cards only due to living off them for a year.
I still don't have a consistent gig, but I am living within my means without these cards. However, the APR rates on the two cards with the highest balances are about the same as my minimum payment on them. I can't feasibly pay these cards back without making as much as I did before, and that's just not an option anymore.
I'm considering filing for bankruptcy because my family's home I live in is paid off and not in my name, so I don't need a credit score for that aspect of life. I have five grand coming as my final severance pay after the company I worked for liquidated. I would rather try to save that money than throw it into barely paying off these cards.
Is bankruptcy my best bet or should I look into debt consolidation or management? I do not care about the societal taboos associated with bankruptcy or about a credit score in general.
Thank you!