Myself and my spouse were doing very well for ourselves. We had 2 homes, 1 that is rented out and the other that we live in, and also 3 cars that were brand new when purchased within the last 1.5 years. Then the dreaded bad news, my spouse lost her job, just last week. While both of us were working, we had no problems making our payments on time, and we currently have a 750 average credit rating. As of 1 August, all of that will go to heck because to make all our monthly payments, we will be -$1300. per month so some items are not going to get paid. We have an appointment to speak to an attorney next week, but questions are just eating us up. Can we give back to the bank 2 of the 3 vehicles and just include in a CHP 13 the difference? Can we let one of the homes go back to the bank and just include what the difference was in it also. Now, I understand that some folks mite say we are jumping the gun a lil bit by already looking at bankruptcy, but with the amounts of dollars we are talking about, we see no other way. Any suggestions ?