After 10 years in a sole owner business, I need to close the doors. I am in debt to the tune of $100,000 in unsecured credit card/line of credit debt. Business went down hill quickly and wasn't able to clear out the debt. I realize bankruptcy is not to be taken lightly, however, business is off by 82% and I can find no way out. Taking out a home equity loan is just another loan to be repaid by a business that is no longer a going concern. Which chapter type should I apply for and as all the debts are personal, can my home be protected from creditors in california. I would never have even thought of bankruptcy 5 years ago, but now, it appears to be my only way out for a fresh start...currently, credit report is excellent and realize this will damage it. I am sorry that it has come down to this. Any advice greatly appreciated.