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DEAR BOB: I am a single mother who owes about $27,000 in credit-card debt. I also owe $177,650 on my home mortgage. It is my primary residence. Can I file bankruptcy without including my mortgage so I won't lose my home? – Fabiana B. DEAR FABIANA: Please don't file bankruptcy unless you fully understand the adverse consequences. Your credit will be ruined for at least two years, usually longer. Purchase Bob Bruss reports online. Unless your home is in Florida or Texas, which have unlimited homestead protection for homeowners who file bankruptcy, if you file Chapter 7 "ultimate" bankruptcy, the bankruptcy trustee could insist your home be sold to pay your creditors. If you just need to spread out your credit card payments over 60 months or less, and perhaps reduce the interest rate, ...