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koopi12

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i have a credit score of less than 460, no assets morgages or vehicle loans should i file for ch 7
ive got over 50k in collection debts i have finally "grown up" and am ready for a clean slate should i file for chapter 7

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Good grief NO!!!
With your credit history I am assuming the collections are many and small, correct? Not much danger of having them sue you for small amounts, and you don't own a home you could lose, so you have zero reason to file for bankruptcy. A bankruptcy is not a quick easy fix to "wipe the slate clean"! A bankruptcy isn't the end of your credit problems, it is only the beginning. It will absolutely decimate whatever points you have left, and it lasts for ten years instead of seven like everything else.

Hang in there--when all your collections are at least two years old, you will start to see the light. Their impact on your score lessens as they age, so be patient and let it take its course. In the meantime, pay your bills on time and don't get any new bad marks on your report. It will take time and there's no way around that. 

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Don't go jumping into a bankruptcy until after doing some research since a bankruptcy hurts your credit score for ten years, even worse than it is now.  You need to take the time to learn about how credit works (the articles on this site helped me a lot), the statute of limitations on collections and how to negotiate a 'pay for delete agreement'.  If you still consider banktruptcy, contact a bankruptcy attorney who gives free consultations and listen carefully to their advice.

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