NTLDR:FATAL ERROR 57344 READING BOOT.INI

Thank you for taking the time to mark my reply as the answer. Howerver, I would ask you to un-mark the reply and wait until your issue is resolved. Thanks.. :-)

when chkdsk /r  is run it will check the entire disk ,and it can take a looong time depending on

the size of the disk it is checking ..

Sure is taking a looong time like you mentioned.  Thought maybe

hours, but this processing has been going on since late Tuesday

when it was started and I'm only at 26 percent complete.  At this

rate it will be a few days.  Have you personally run chkdsk /r and

how long.  What can I expect when it's 100 percent complete.

Will the computer automatically reboot.  Did this work for you to

resolve your problem.

I can appreciate your anxiety. The process can often take a very long time. As I previously stated there are several factors that come into play in respect to the amount of time it takes.

It is unclear from your post whether you booted from the disc or allowed check disk to run as a result of receiving a prompt when trying to load Windows. If the later is the case the computer will automatically reboot.

There is no way for us to know to any degree of certainty whether or not this will resolve your issue. There are times it does and times it doesn't. Regardless, it is the best place to begin. I would suspect your chances of success are fairly good considering Windows is prompting you to run check disk on startup.

Update:

The computer has been running  since late afternoon 11-20-12

with chkdsk processing and completed whatever it was processing 100%

but is now doing something new.  What is it doing now that is back to

1% complete.  Will explain as I go along with this response. 

Sample of what I saw on the blue screen while it was processing in the

during the chkdsk:  The whole screen was filled with all kinds of code

checking what looked to be all the files on the hard drive.

Windows Replaced Bad Clusters In File\Program Files\

IMSI\FormToolv5\Forms\u6502.FTF

Note:  Upper Case Letters L were always in reverse in the codes

which I'm not shown in the above sample code.

Windows Replaced Bad Clusters In File\Windows System32\Config\

SystemProFile\Local Settings\Temp\Heat.Log

Of Name (null)

File And Folder Verification Is Complete.

Convert Lost Chains To Files (Y/N)? Yes

Insufficient Disk Space To Recover Lost Data.

4438944 kb In 31279 Recovered Files.

Windows Is Verifying Free Space...

1 Percent Completed...

Note:  I was not at the computer when the question:

Convert Lost Chains To Files (Y/N)?

Need help with what the computer is doing now based on

the above info and should I continue with the chkdsk

yes let it run as it has not finished, there are 5 stages and I believe that verifying free space is the last one.

with that many problems, I believe that your hard drive may be failing.

once chkdsk completes, you should really run it again, Sorry. :)