Assets are home equity, savings accounts, checking accounts, wages, stocks and bonds, portfolios, cars, recreations, valuable collectibles such as jewelry, rare art, coin collections, card collections, etc.

You didn't say when your date of last payment on the cards were, your state, or if you foresee a future.

bankruptcy should be the last choice and only taken after you are reasonably sure that you won't be incurring any more medical bills. Once you declare medical bills, if your husband were to have a remission back into cancer, the bankruptcy would not cover the additional medical charges so you are probably looking to wait.

Whether or not they will sue will depend on whether they think that they can collect or not. Also if you are in a state that has a homestead exemption, your house is safe in bankruptcy and in debts.

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