Hi, I have a wife who is going to school full time and a 4 year old son. I purchased a home 4 months ago for 112,000. I have a problem in that I have managed to run up around $25,000 worth of credit card debt. I do not have a problem meeting my mortgage amount, but I am falling behind on the credit card debt, and need some breathing room, meaning a clean slate to possibly wipe out this debt. Is it possible to do this without losing my home? Thanks

You should contact a local bankruptcy attorney to discuss your situation.  You have the option to file for Chapter 13 bankruptcy, and continue to pay down your credit card debt over a three to five year period without the risk of losing your home.  However, you may also be eligible for Chapter 7 bankruptcy and capable of discharging the credit card debt without losing the home.  A skilled bankruptcy attorney can help you determine which chapter would be appropriate. This is not intended to be legal advice, and is general in its nature. No attorney-client relationship exists or is formed by this information. Furthermore, this does not represent the views or opinions of LexisNexis or its affiliated companies.