<prompt> Human: My mom has a large amount of debt mixed credit cards and student loans for me, about 100,000 worth. Unfortunate circumstances have happened and she cannot pay this debt anymore. She was thinking to declare bankruptcy to get 40,000 of personal debt wiped out. Her credit is bad at the moment. My credit is good 720 and I may be willing to cosign a refinance if we can wipe out the total debt.Our house market value is about 410,000 and the amount owed is 250,000. So if possible Id like to refinance for 350,000 and pull out that 100,000. If this could work, would it be any semblance of a smarter financial move?tl;dr Which would be the wiser financial move given two options: declare bankruptcy or refinance house to pay off debts?  <response>: My mom has a large amount of debt mixed credit cards and student loans for meAny chance of you relieving your mom of the student loans she took for you? It seems that out of the 100k of debt, 60k belong to you. 