I have essentially had no income since November 2008. My wife and I have taken on odds and ends while in a job search, but with 10% unemployment locally, I haven't had any takers. I'm getting ready to sell insurance or something that is full commission just to be working toward some kind of income. I thought we could stay afloat by working with creditors on secured lines and hoping for the best on the unsecured ones, but the wheels have begun to come off. I had successful conversations with a representative for my vehicle's loan, but then she was gone and another took her place. The new rep was not very understanding of our situation and sent to have my truck picked up. I wasn't able to talk them out of it without catching up the payments completely - which I couldn't do on the spot. Now with fees, I have to pay $2000 to get it back. It would save a repo on my credit, but without a reliable income stream, I don't know if I would just go right back into default. I had "equity" in the vehicle, but with it being a truck I doubt I'd be able to sell it even for the payoff amount. Now I'm really on the slippery slope. I have never filed bankruptcy before, but I had a few credit problems a decade ago and know how long it takes to rebuild. I've got some land assets, but other than that I'm in the same debt/asset situation as anyone else. I'm beginning to think that if I just went bankrupt, I could avoid possible judgments and maybe get back on my feet faster. One kicker: I'm going to have about $50,000 in taxes due. (I know bankruptcy doesn't do anything about that, but it's a significant consideration in the larger picture) Anyone been through it before who would offer pros/cons? Thanks!