Two years ago I have purchased a home and used all my liquid money to do so. I do not have much equity in the home. To no fault but our own, my wife and I went overboard in credit card debt to somewhere between 30 and 40 thousand dollars. We are looking into the possibility of a chapter 7 Bankruptcy. The debt is overwhelming and i feel I will never catch up due to the increasing monthly payments. I have no trouble paying my mortgage or household bills just all the revolving credit card debt. What is an approximate cost of filing and is the IRS or anyone other then the credit companies notified of this. Is my Mortgage company notified. Also any suggestions other than bankruptcy would be appreciated.