My question involves bankruptcy in the state of: California
I have done a loan modification with my first mortgage, however, the principal didn't really go down much. ($392 to $312). my payment is OK, but i am still not comfortable with it.. thei interest rate is good tho (2%). the question is the second. it is only 44K, but the interest rate is pretty high. i have tried to redo it, but no luck. i am still upside down in this house, but want to keep it, as i can't afford to live anywhere else (even rent in my area is about the same as my first payment!!)

i want to file BK, but don't really know if it would be good to do, and i don't know the difference between chapter 7 and chapter 13. i have about $25K in credit card debt....did a debt consolidation for some of it, but that payment is killing me too!!

any advice??

thank you