<prompt> Human: I owe about 300k in credit card debt from my business. The reason for the debt was from the first two years of the crash of buying merchandise for the holiday season and not being able to sell it completely like we used to do.Years later, we are just paying the minimum and dont see an end to it unless the economy goes back to pre-crash numbers for our business. Im paying about 5500 a month just for the credit cards and were barely squeaking by... and some months a little off.I am considering the following plan and would like your opinion on how viable this would be.250k is under the business, and 50k is on my personal because I signed a personal guarantee for one of the business credit cards.1 - Refinance my house and get the remaining 100k equity out of it, or as close to it as possible.2 - Call the credit cards for debt forgiveness or get a company that does this. Im hoping that they would forgive 66 and I would have to pay 33, which is why Im hoping the 100k from the house would cover it.3 - I understand that the debt forgiven will be taxed, so I have a small land plot that I would sell next year to cover the taxes.4 - The 5500month can now go to a savings and part of it can used to slowly pay down the house.Is that about the percentage that the credit cards for forgive? This is spread out between 8-9 different credit cards.Thank you!  <response>: Ouch!Im going to suggest that you also post this to rsmallbusiness.Personal finance is hard enough, but mixing in business finance makes it really hard to give good advice without knowing all of the details of your business.Do you have a CPA or other consultant that you could run all of this past? 