we have about $50,000 equity left in our house and have made the painful decision to sell, after 26 years...we took a second mortgage out 18 months ago, done next March, INTEREST only, we have made so many mistakes,not even funny..

We owe an unbelivable sum of money on credit cards, think quarter million and $80,000 LOC, kept borrowing from cards to pay other cards and now we are heded to financial disaster..

Husband hadn't worked in 15 years, stayed home to raise kids, youngest is now 13...

Selling our house, then we will rent, so what happens, if we net $35,000 after selling and I go bankrupt, what will happen, will they require my half? All this part of the debt is in my name...no joint cards...


Also, can I go ahead and pay rent ahead of time,so it is out of the way, say 6 months?  or will they try and take that back, so many questions..

Neither of us sleep and I tell my husband that that is our punishment...

Our kids are embarrassed to no end, yet no one,other then family knows the truth at this point, sigh..

Any words of wisdom or help appreciated...