Substantial debt in ED

How is debt equally distributed versus assets when the debt ratio is 80 % to 20 % assets ?

Our house as many today are is worth much less than we owe
we have 20000 + credit card debt

we have about 5000 cash and maybe another 15000 in property

How would this look equally distributed and can one spouse expect to ask for and retain residence ?
If they get custody does that put them in a better position for this ?

Is it wiser to file bankruptcy and just deal with remaining assets ?

thanks you are great here

Debt is split the same as property, and normally the division is 50/50. I cannot say for sure how your property would be divided and cannot do a specific analysis on this forum.