File Bankruptcy or Foreclosure and debt settlement? Posted on July 07, 2011

I have two properties I use to rent out that foreclosed on 4 months ago. I have $10k in credit card debt and my home is in foreclosure with the date approaching next month. My home is worth $350k and I owe $400k on it. I also make roughly $60k now that I don't get the rent from the two houses. Should I get debt settlement or file for bankruptcy?

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