@justin_holmes Yep. Bankruptcy is not as bad if you already own your home and have assets that are protected like 401k.
I filed 2 years ago and a family of 4 was about 80k a year for chapter 7 cutoff.
@markh62 Bankruptcy is not that bad. However this person will have to file Chapter 13 and at 85k a year and single they will likely not get much discharged.
Best bet is to talk with the creditors and work out options.
