sash, its $65k(ish) might vary by state. I helped a friend go through this, she was in nasty trouble and it was her only option, wasnt so bad in the end. It was like a fresh start for her - she is even now looking at buying a house, but lots of places wont touch her, the ones that will charge .5 to 1%higher interest.

But her hubby should look into how this can affect him too, my friend didnt have a partner and I dont knwo how it could affect their assests - even if its in his name they are still married so one would think the 50/50 rule might come into play?