Hello, I wanted my first post to be more-- upbeat, but I felt the need to post in a forum I have read for quite some time, but just decided now was the time to ask... I am a business owner of a small biz. I have one, a small IT consulting firm that has run into some real difficulty. To make a long story short, I basically was not personally involved enough to see the trouble coming -- dealing with the other operations kept my nose out of things too much. Through a rash of ill prepared decisions, I ended up with debt that I am having trouble rationalizing payoff. As of Sept. 30 the business has been officially dissolved and the assets sold for what I could get to pay the debt. It wasn't enough. Luckily it had nothing to do with my living wage -- I am a full time professor at a university. As of today, I have a debt of 27,000 dollars set up in a Chase bank line of business credit with no real funds coming in directed at paying it. It is linked strictly to my old business and does not show up on my personal credit report. It has a modest monthly minimum of around 103.00 per month to keep it current. I COULD pay this out over time and be clear of it, but only out of my salary from teaching -- which pays "ok" but is not making me rich My real question is this -- Since I have never considered a bankruptcy, personal or otherwise -- is this a situation to consider a chapter 7 and get away from this debt. It would be a major strain to try and pay this off with any speed. Thanks so much for anyone's input as to a yes or no -- or if yes, a start with an attorney or other advise..