My husband and I are researching bankruptcy as our last resort. If vehicles get repossed before we can file will the outstanding amount of the debt

Yes, if by "considered" you mean discharged.  Whether the vehicles are repossessed or not, you will be discharged from the debt owed against them (assuming you receive a discharge in whatever chapter you file). Mark J. Markus, Attorney at LawCertified Bankruptcy Law Specialist--State Bar of California Board of Legal SpecializationHandling exclusively bankruptcy law cases in California since 1991.http://www.bklaw.com/bankruptcy blog: http://www.bklaw.com/bankruptcy-blog/Follow Me on Twitter:  @bklawr