I have over $ 10,000 in credit card debt. Should I consolidate,bankruptcy or cash in my Ira and pay it off?

marty s asked:


I do not own a home so would have to use a debit consolidation company. I have just enough in my IRA to pay it all off. I can only afford to payy about $250 a month toward the debt. . What are the consequenses of each action? What would be better for my credit in the long run? I am 52