I am a senior citizen who is in debt and have no way to pay off what I owe. I have heard if in debt to someone they can come in and take my house and car to pay off the debt. I’m on a fixed income of $ 700 per month. By the time I finish paying my monthly bills, buy medicine and food there is nothing left. Please tell me what to do. Should I file for bankruptcy..and if so, how much does that cost? I am under so much stress worring about this that I have been very ill.