When should I stop paying my creditors?

[Flamingo]

Well, it's much easier to use a credit card then walk around with cash. For example, I need to buy some tires. I have to order them through the internet. How else would I pay for them? I need to go stay at a hotel. If I don't use a credit card, I have to put down a hefty deposit.

The bottom line is that I'm not quite broke now. I still have about $75K in property and liquid assets (although I'm going to spend $40K or so to by a house, which I have to do as I have a government grant to do it.) The problem is that I have $125K in debt.

What if I break down on the road and I can't get to a bank? I need to be able to pay somehow. Or should I withdraw $2K from my checking account for such emergencies to have on my person - something that would make me a target of crime?

Swampwiz...In the state in which you reside right now, look in the phone book, find an attorney that gives free initial BK consultations. Take with you a listing of all your debts, monthly payments, asset listing, sources of income, and copies of your most recent state and federal tax returns. Only then will you have the correct advice you need to figure out what you need to do. You are so seriously in denial right now looking for ways out it is pathetic and others are also trying to tell you to get the advice you seriously need. Everyone in deep financial problems goes into denial but eventually reality hits hard and then the paranoia hits and one starts blaming everyone else for their financial problems. You have numerous questions/issues which complicates your situation and you need legal assistance/advice. Also, if you are so far in debt and have all these money issues, how on earth do you think you will be able to purchase a house? You are living off of credit cards and basically robbing Peter to pay Paul which is a sure sign of insolvency.

If you are truly a despondent poster, you will take this advice and the advice given to you by others to seek legal advice and come back and tell us how you made out. If you are not truly a desopndent poster, many trolls do what you do with numerous contradictory/confusing postings to rile up posters to get attention or cause issues. Hopefully that is not the case for you.

Best of luck to you and we hope you get your situatoin straightened out.