I Have About 150,000 In Credit Card Debt. I Just Did A reverse Mortgage In March 2016 Can I Still File Chapter 7 Bankruptcy And Save My Home?

This is a tricky situation.  The house may be fully liened (through the reverse mortgage) and left with less than $15,000 of equity [the amount you are allowed to protect via statute], but it may have some exposure.  You did not give an amount or a value.  That the Mortgage was incurred over 90 days ago is helpful (under statuute), but the Trustee may assert under the uniform act that he can go back one year [not merely 90 days] to set that transaction aside. There is also the question as to what happened with that money; I am guessing (as you inferred) the money went to a third party under an internet scheme. That needs to be verified as to when, to whom,  and in what amounts. The BK7 is not based on debts.  There is also an income component that may render your filing impermissable or, at least, rebuttable.  This is referrred to as the "CMI test." A review of your household wages, the number of people in that household, and the nature of your debt is needed.  Maybe this will also include the review in light of the statutory budget in a CMI test. As such, a consultation is needed to first determine whether or not such preclusion exists.  Then, a review of your situation, assets, and liabilities needs to happen.  At that time, a review of your Reverse Mortgage can occur and an opinion be given as to the liklihood of any Trustee's attack.  A decision of File vs. Not File can then be made. The first step is to contact an experienced Bankruptcy attorney.  One can be found by your local County Bar Association, which should have a referral network in place.  The attorneys can also be "screened" by your review of their websites.  An appointment set and all relevant facts discussed.