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Credit Cards, Banking, Securities Dealing with banks, securities, financial institutions, etc.

Credit Card Co.

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Old 07-12-2007, 06:17 AM     #1
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Default Credit Card Co.

After a divorce I used my credit cards to excess as I was paying 900.00 a

month in child support. Every time I would turn around there was somebody

offering me money because I had good credit. Needless to say I over

extended myself. I had to stop paying them. I have contimplated bankrupcy

but could never afford the lawyer. Bottom line, I have nothing, no property

nothing but my clothes and home furnishings. Should I just let this go as I

have nothing for them to take from me or should I file bankruptcy.
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Old 07-13-2007, 03:30 PM     #2
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Default Re: Credit Card Co.

It would be hard to collect from you but they may be able to garnish any wages if they go to court, and win.

See http://www.worldlawdirect.com/article/935 -- Collecting on a court judgment.
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