What can unsecured creditors do if I cannot pay? - Limited space here but trying ..?

I (and my wife) are in a very difficult situation. About three years ago, my wife left her job as

a). she was extremely stressed by the job, and

b). we thought that our life would be less stressful if she could stay home and take care of our (3) kids.

We had some $$$ saved and we thought we could manage for a while. However, we had to use credit cards, and it seems the more we did, the more we had to pay them, and then the more we%26#039;d have to use to cover expenses. In Feb 06, we refinanced the house and took out a loan to pay off the credit cards. It seems that these people %26#039;buried%26#039; us in this loan with a two year pre-pay penalty and over-valued the house to give us the loan - we owe about $100,000 more than it is worth now.

About a year ago, she began looking for another job but has still not found one. I too have been looking for a second job.

At this time, we%26#039;re about 100K in credit card debt, and have been unable to them (cards) for about 4 mos.

Need Advice pls

What can unsecured creditors do if I cannot pay? - Limited space here but trying ..?

time to spend more money and get a bk lawyer -- it might be your only option!!!

What can unsecured creditors do if I cannot pay? - Limited space here but trying ..?

Go have a free consultation with an attorney to explore Chapter 7 bankruptcy.... You could possibly get a fresh start..... You have to be committed to paying by cash and re-establishing your credit, and making sure payments are never late......

Pray and ask God for his wisdom and guidance....... hang in there with Him.

What can unsecured creditors do if I cannot pay? - Limited space here but trying ..?

The credit card companies can put a lien against your home. Sounds like you%26#039;re in a really rough state. I%26#039;d suggest going to a Consumer Credit Counseling service. They will make arrangements with you creditors for payments you can afford and help you to get back on your feet. If will stop the debt collectors from calling and give you a little peace of mind until you can handle things again.