Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarification.
A chapter 7 bankruptcy is best, XXXXX XXXXX you do not want to file a chapter 7,
then consider a debt consolidation where you pay over a 5 year plan your credit card debts.
Legal credit card settlement is fine if you have 20-30% of the balance ready to be given to the credit card debtors to settle your debts.
So, for Legal credit card settlement I have to have cash
paid on front or montly payments avaible
yes, most credit card companies will offer you a settlement for 20-40% of the entire debt if you can pay the amount up front.
They will usually not do a payment plan for that amount, a debt consolidation company would be better for a payment plan, but be aware both will hurt your credit, and you will receive a 1099 from both and have to pay taxes on any cancelled debt, that is why a chapter 7 is best
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