re: I need some advice from the financial gurus

quote:

---

How much equity in your house?

---

It may not be available.
But debt consolidation on a 2nd mortgage (heloc) would be a huge win for you.

It would definitely free up capital and get some of the debt on a slow payoff plan (throwing extra money if successful could speed up that payoff).

Assuming the 2nd is not an option, a first mortgage (30yr) debt consolidation could be a better alternative to bankruptcy.
The key is to do it before it is too late.
If you are sinking (and a heloc/2nd is not available), I would seriously consider this before you rack up too much debt that it doesn't help.