My question involves bankruptcy in the state of: New York. My wife and I own a home in Nassau county. We currently have a mortgage of 475 and the house is worth about 525. Additionally, I have consumer debt of 170k and my wife about 35k. Two car payments are under my wifeís name. I canít service the mortgage the debt and car payments any longer. What is the best strategy here? I am trying not to torpedo my wifeís credit. I have two young children, earn over six figures in a commissioned job (down this year). I can maybe get help for my wifeís debt. Do I Start missing payments on my debts in the hopes of paying .20 cents on the dollar or so i just file bankruptcy. Thank you