Can I file for bankrupcy? My house was foreclosed in 2008, I had an 80/20 loan. The smaller loan has been sending me bills to pay about $125,000. I don't have that kind of money, and I'm afraid they would garnish my checks. I also had a co-signer who has a house, I get worried they'll go after his house. My husband and I live from paycheck to paycheck since we have four children. Please advise me. I would like to find, if bankrupcy is possible a lawyer in my area, Sterling, VA. Thank You