My question involves bankruptcy in the state of: Georgia
I have recently accumulated over $45,000 in Credit card debt in the last 3 months. and my credit card debt is now @ 120K. In 2007 I settled all my debts and now I am back at it again, I had no Credit Card Debt and almost 150K in savings. I invested all in Stocks, and lost badly last year. To cover my margin calls, I used credit card debt to cover the stocks margin calls. So CC debt involves, cash advances etc..
Now I almost lost all in the stock market and have only 15K in liquidable cash from the stocks.
What aremy options in Bankruptcy, and will Chapter 7 work for me? Will I be able to negotiate under chapter 13 to pay 30% of debt etc..
My Total income is 78K and I have 6 Dependents. I own a house an dthe mortagage owned i way above the value of the house.
Between paying mortgage and family, I can berely make the CC payments.
Whats my options!!! Bad money moanagement from my side brought this onto me!!!

