Sorry to hear about your situation. I have heard many similar stories in recent years. Unfortunately, your situation has too many moving parts to answer on an anonymous Q&A board. Look for a local bankruptcy attorney in Warner Robbins and ask for a free consultation.
In an attempt to give you a little info--you say we, so I assume you are married. If so, you are allowed to exempt $20,000 in real property. If you have a mortgage on your home, there is a very good chance that the trustee would not go after your primary home, even with the equity. A local bankruptcy attorney can assess your situation and help you make a decision on whether or not to proceed.
Best of luck!
A bankruptcy is the only way to erase a defiency like that. Be aware that if they domesticate that judgment it becomes a lien on your home.
The other attorney gave some bad advice because he missed a line of your post. Since you moved from another state, your bankruptcy exemptions may be different than Georgia's. Depending on which state, that may help you keep your property.
Have a local attorney look over your situation and numbers.
Most bankruptcy attorneys will offer a free consultation. You should definitely take advantage of this and meet with a local attorney that specializes in bankruptcy.
No attorney client relationship exists unless we have a written contract. Nothing in this post should be interpreted as legal advice.