28 years old, college graduate, I work in IT in a high COL city.I have $23k in student loans but I am not paying the interest on them yet because I am in graduate school with 9 months left until i graduate with a Masters of Science. I goto school part time so I work fulltime $58k salary with zero benefits (besides medical coverage) until I am with the employer for 1 year. so no 401k, paid time off or sick leave. I've been putting in very little into an IRA account that I opened on my own $6k in there at the moment. I just started building an emergency fund only about $1000 in there now but I plan to save up to 6 months worth of savings.

Break down from wall of text above and additional details:

Salary: $58k/year

Emergency Savings: $1k

IRA: $6k

Significant Assets: Vehicle valued at $5k (12 year old car, own free and clear)

Rent Utilities: $1200/month

Living Expenses: ~$550/month

Student Loans: $23k @ 0% interest for now (4-6% interest after i graduate); will add $3-5k more debt within 6 months to pay for my last semester

Credit Card Debt: $45k @ 20% average interest

The reason why my CC got this high is cause I had no choice but to pay for my college tuition on my credit cards. stupid i know but I didnt have a choice at the time.

I am currently (since January) paying off my credit cards via the snowball method. Every spare dollar I have I am putting towards the CC debt. I no longer use my credit card to supplement my living expenses, instead use only cash/checking account.

Im only making $58k right now but I feel like I have a lot more earning potential after I get my Masters degree. $30k - $40k more earning potential which would put me at about a six figure salary, but this isnt until at least 9 - 12 months from now. Then again this is just speculation, I could very well still be stuck at making $58k 12 months from now.

My plan is to just keep paying off debt until it is all gone, but I've been doing some reading lately and I've started to think about filing for bankruptcy. Need some advice on the pro's and con's of bankruptcy.

edited

also might be worth mentioning that I really want to move from this high COL city to a cheaper COL city, but I need to wait until I finish school save emergency funds for the move. Im hoping I can move as soon as next year but realistically for another 2 - 3 years

TL;DR: Need advice if I should file for bankruptcy or not