Re: What if I stop paying CC without BK7

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Posted by: Gus on 02/02/04:

In Reply to: What if I stop paying CC without BK7 posted by: Lynda G. on February 01, 2004 at 21:38:44:

: 1)I could keep my car if I don't have more than $1000. equity in it. It's almost paid off and worth about 5-6K. therefore Trustee would take the car, right?
Your right.
: 2)No home, no savings= no problem there.
: 3)Also, I heard that even if my CCs are in my maiden name only, if they were acquired during marriage, creditors would probably go after my husband for payments. True?
Not true.
: 4)Also, last year I bought a $5000. minivan (husband old car engine died) with 2 credit cards purchase checks.
Not a problem.
:
: 5)Lastly, mu husband's little fishing boat is under my name and worth about 2K.
Will be toast.
: Should I just sell everything before filing?
Do what you can, be keep track of were the money goes. One way to use the money is spend it on normal expenses.
: We're getting ready to move so I was thinking; what if I just stop paying the CCs and don't give any forwarding phone or address? And tell my work place to not accept ANY calls for me, would that work and how long before creditors leave me alone?
It will work, for maybe 6-8 months. After the debt is sold, you may or will get sued. Some dumbass attorney is suing my jobless assetless wife in FL as we speak (last payment 6/03).
: Please help

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Subject  : Re: Re: What if I stop paying CC without BK7

Comments:
: : 1)I could keep my car if I don't have more than $1000. equity in it. It's almost paid off and worth about 5-6K. therefore Trustee would take the car, right? 

: Your right.

: : 2)No home, no savings= no problem there.

: : 3)Also, I heard that even if my CCs are in my maiden name only, if they were acquired during marriage, creditors would probably go after my husband for payments. True?

: Not true.

: : 4)Also, last year I bought a $5000. minivan (husband old car engine died) with 2 credit cards purchase checks.

: Not a problem.
: :  
: : 5)Lastly, mu husband's little fishing boat is under my name and worth about 2K.

: Will be toast.

: : Should I just sell everything before filing?

: Do what you can, be keep track of were the money goes.  One way to use the money is spend it on normal expenses.  

: : We're getting ready to move so I was thinking; what if I just stop paying the CCs and don't give any forwarding phone or address? And tell my work place to not accept ANY calls for me, would that work and how long before creditors leave me alone?

: It will work, for maybe 6-8 months.  After the debt is sold, you may or will get sued.  Some dumbass attorney is suing my jobless assetless wife in FL as we speak (last payment 6/03).

: : Please help





 
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