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You have a couple of options. At this point, it seems that you're struggling. To ease things, you can try to file a bankruptcy and eliminate the 46k of credit card debt as with the interest, you may never actually be able to pay them off. Now, you can file bankruptcy and keep your house if you can make current payments or you can let the house go and probably stay in there up to a year without paying anything. Your house is underwater about 50k so it is up to you but the market may get better in the future. If you're looking for a clean start, you can let everything go and just start over.
However, if you don't file bankruptcy and lose the house, the mortgage company may be able to sue you for whatever amount is still owed once the house is sold in a foreclosure (usually the second mortgage).
if you have significant assets such as a lot of money in the bank or expensive cars that are paid in full, a bankruptcy could be difficult
is there anything else that I can answer for you?
I have $40,000 in a 401 k and some other retirement accounts totaling $approx 18000. If I file bankruptcy can they go after my retirementv funds?
No, the retirement fund is protected upt o 48k.
Thanks for your answer, Linda.