<prompt> Human: The spouse and I are informally separated, and between the two of us have about 60,000 in credit card debt. On top of that we each have our school loans, I have a small car loan thats affordable, and we are paying a mortgage on a townhouse in both our names. Nothing has gone to collections, but were both to the point where everything is maxed out and were just barely keeping our heads above water. Weve looked into consolidation loans, negotiating lower payments or interest rates, etc but had no luck. Ive been taught to see bankruptcy as a last-ditch resort for deatbeats, but were going to be drowning pretty soon and it would be nice for both of us to have a fresh start if we divorce, while being able to keep the cars and house those are our payment priority right now and dont plan on getting behind on those. Is bankruptcy a good option? What else should I look into?EDIT: Im not really looking for an analysis of how I got into this situation. I rarely miss payments and up to this point my credit has been decent. Its just with the credit cards that interest rates have gone up, monthly payments have gone up, and banks dont seem to be too helpful and negotiating the situation. Now were at the point of either buying gas and food or paying the credit card bills.  <response>: I DECLARE BANKRUPTCY! 