I lost my job and now unsecured debt is sucking up all of my savings

My families everyday living has spiraled pretty much out of control all because of bad financial problems.  For us it all started after I got laid off this was something that I completely did not foresee this happening and well of course it did.  Without needing to say losing income isn’t beneficial for anyone but I have not yet picked myself up and found another job yet.  This right away made me realize just how bad another financial problem I had is.  This problem is credit card debt.  My debt balances are extremely large and with no income I can’t pay them and will obviously begin to fall behind on the monthly payments.

I have been looking for a debt solution that will help me out while I am still trying to find a new job.  Many financial analysts have been preaching that credit card debt settlement is a reasonable plan that will be for someone in my kind of situation.  The goal in mind of this plan is for the client to save capital and quickly get out of debt.  This seems exactly like what I will be doing. 

It seems as if debt settlement is really the only workable road for us because a a bankruptcy proceeding would involve me giving up my home and a CCCS plan is something I can’t pay for.  I have spoken about this program with my spouse and he feels that credit card debt settlement would be a good course of action for us too.  When we get out of credit card debt then we insist on becoming a lot more responsible with our income and never get stuck in this terrible trap ever again.