More than a dozen credit card accounts with most of the big names everyone knows including mutliple accounts at some of the biggest ones. (The names start with the first four letters of the alphabet plus a few others.) I Waited more than a year without making any payments before filing and dealt with the collection calls fairly painlessly. I sent out a half dozen Debt Validation Letters and only ever got one response. Even four collection lawfirms left me alone after a while.
The largest single account was over $30,000 and the total was nearly $150,000 and that's only credit cards. Only a mortgage and a couple secured accounts beyond those.
Although we were deep in debt and destined for ruin sooner or later, the decision to stop paying creditors allowed us to cope with an ongoing medical problem that had us spending about 25% of our gross income on medical expenses last year and almost 20% every month so far this year.
I'll post deatils in the Blog section regarding the process and especially if anything happens that other people can benefit from knowing. I'm crossing my fingers and praying that everything turns out okay.
The largest single account was over $30,000 and the total was nearly $150,000 and that's only credit cards. Only a mortgage and a couple secured accounts beyond those.
Although we were deep in debt and destined for ruin sooner or later, the decision to stop paying creditors allowed us to cope with an ongoing medical problem that had us spending about 25% of our gross income on medical expenses last year and almost 20% every month so far this year.
I'll post deatils in the Blog section regarding the process and especially if anything happens that other people can benefit from knowing. I'm crossing my fingers and praying that everything turns out okay.
Converted to asset case 5/26/2008 [X]
. Hope the medical problem (whatever it is) is improving.
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