I have credit card debt and a house that I can't afford. I'm ready to do a bankruptcy and turn the house over. If the house would sell for less than what's owed, am I responsible for the difference? If so, how can I protect myself from having to pay the difference of the loan amount owed and what the house would sell for? Should I let the house foreclose then do a bankruptcy or what would be the easiest way to walk away with the least amount of liability?

File for bankruptcy now before the foreclosure starts. Get a lawyer to do this corectly