First of all, I admit that I should have been much more careful. I never ever imagined that I would be stuck filing a bankruptcy, but here I am. About 4 years ago, a severe medical condition left me pretty much housebound. I lost my full time job, yet received unemployment and disability benefits. Since I have a Journalism BA and always dreamed of writing books, I started working on 2 manuscripts, and a series of instructional videos. When applying for credit cards to supplement my income and pay for food, rent, and other necessities, I unintentionally, but significantly, overestimated my income. I included what I thought I would make from book sales from the books I was authoring, and a series of instructional videos I was creating. I also tutored from my home, making over $100 an hour, but inaccurately estimated how many students I would have and how long they would need my service. Despite my degree, I never wrote a book before and was amazed about how much longer and how much more work it was compared to what I estimated. My inaccurate estimate ranged from saying $40k instead of $20k, and at worst possibly $90k instead of $20k. (I need to double check, but I think I was offered full time work when I made that estimate and was under the impression that I would be getting full time income on top of all the other income from disability, the books, etc.).
So, I have about 10 credit cards which I know is a lot - primarily because I started off by using the 0% apr offers which required applying for new cards. Every balance is under $10k. Most balances are under $5k. I have a total of about $50k in credit card debt. I have no assets.
I cannot see any alternative to filing bankruptcy, but fear that I will be charged with fraud for overstating my income. My question is, do you think I am likely to get charged with fraud if I file chapter 7 bankruptcy? If so, or if not, why?