<prompt> Human: Background: In Georgia, left work three years ago to start medical school, started a company to make some money part-time while in school, but income dropped from 120k to 50k. Wife and I have been holding things together by a thread, she works for our small company and her income is included in above, we have two children. Debating bankruptcy vs holding things together a little longer and slowly paying our way out of it. Trying to come out of this as strongly as possible when its all over and I start practicing.We have 4 rental properties:1. owe 150k, worth 175k, in foreclosure and vacant2. owe 50k, worth 80k, in foreclosure and vacant3. owe 60k, worth 90k, in good standing and rented4. owe 260k, worth 400k, in good standing and rented former primary residence, want to keep itVehicles:1. owe 10k, worth 15k2. owe 3k, worth 5kOther debt- Credit cards: 30k- Student loans: 140kIncome- Currently: 50kyr- In July: 90kyr- Estimated in 3 yrs: 300kyrCheckingSavings: essentially none, were living month-to-monthWe currently live in a rented home, in a different city than where our rental property is.Its hard to type this out, our credit has always been excellent until last year. Now its wrecked, justifiably so, but no regrets. I expect to find a local bankruptcy attorney soon, but I trust random Reddit strangers more. We tried to use the equity in home 4 to pay the credit cards, auto loans, and buy time to sell homes 1 and 2, but were denied due to low debt to income ratio. By now we would also be denied for poor credit rating, justifiably so.  <response>: By my math, your net worth is positive or nearly so. Why not sell the homes, get out of debt, and start over from there instead of losing everything and wrecking your credit in the process?By my math, youd net about 130k after commissions and fees selling all the homes none of which you live in. Then youd be mortgage free, pay off your CC debt and auto loans, and have a big emergency fund or the ability to knock your student loans way down. 