[Johnny Elbows]

If I could care less about loosing my house at this time what would be worse as far as ruining my credit and other unseen problems foreclosure or bankruptcy?

[Buford]

Honestly there isn't a huge difference in the two. Bankruptcy will, at the least, postpone your foreclosure. They both rip at your credit but Bankruptcy looks like your trying, whereas foreclosure is more delinquent.If it is not too late then you could try for a short sale.