Sorry to hear about your situation. Job loss is never easy to deal with.
As to your first question, there is no way to know without a lot of additional information - for example, do you have any emergency funds saved? Do you have a spouse who works? How old are you? Do you have a retirement account? Etc.
The answer to the second question is probably not. The card companies may be willing to work with you on interest rates and/or lower your minimum payments if you call and explain the situation. But they might not be.
If it reached the point where it was dire enough, bankruptcy could always be an option, but in most cases, it should be the last option. And even if you wanted to pursue that, you would need to talk to a bankruptcy attorney who could apprise you of all of your options.
Again, sorry about the situation. I hope this helps some and best of luck.
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