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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, just ignore all the advice unrelated to your question and make an appointment to see a bankruptcy lawyer.  It's nothing to be afraid of.  Not a company, an actual lawyer with a track record.  They will explain the whole thing to you and then you and your husband decide what to do.[/quote]

We can’t afford a lawyer. How do bankruptcy lawyers even make money? All their clients are broke.[/quote]

It's been a few years ago for me but my lawyer explained to me at the initial consultation how it would work.  He charged $1600 and that had to be paid before he would file.  He told me to stop paying credit cards immediately and start paying him instead.  It would take about three months for me to pay him and then he would file.  When the CC companies called I was to refer them to him and tell them to stop calling me which they were required by law to abide by.  Once I had him paid he filed and within a few months we went to court.  I know another person who filed last year and their lawyer allowed them to make payments on his fee and he went ahead and filed before getting his full fee, but his advice re the CCs was the same, stop paying them and tell them to call him.

Because I stopped paying all credit accounts the companies started adding penalties and interest and by the time we went to court I owed about double what I initially owed thanks to that.  It didn't matter though because it was all discharged in the bankruptcy.[/quote]

Doubling a $90k credit card debt which you can’t pay now would be horribly detrimental if the bankruptcy is not granted. There has to be a way the OP could find out the likelihood of success before getting into this position.

A few good points that people made are that you have to consider the effect of a bankruptcy on employment and future employment and on whether you can keep the house given the craziness of apartment costs. Another thing is to figure out how to modify your lifestyle.

By brother and SIL (not married) both filed for bankruptcy. By brother had difficulty getting jobs for a number of years. My SIL never figured out how to stop spending and has no retirement and is unable to help her daughter pay for college but due to decent incomes her daughter cannot get need based aid. [/quote]

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