I need to get rid of my timeshare?

I'm trying to get out of my time share that me and my wife bought 2 years ago. I was just wondering if i could "walk away" from it. It has a mortgage. I have contacted the time share company and they won't take it back and all they can say is that it will hurt my credit if i don't pay, but i guess my real question is, if i stop paying for the time share can they take me to court or take my house, garnish my wages to get the money i owe them, thanks