Paid spouses credit cards with my balance transfer offers

[AngelinaCatHub]

Thanks. Yes, all income is protected, SS, pension & IRA. Good.

Don't know if I can wait a year without being sued...?..will see.. wished creditors clearly understand that both, spouse and I are 'collection proof'/can't get blood out of a 'turn-up'. Yes but a Judgment can be long term hell. If you ever do acquire anything, they can levee at any time.

The phone sure is ringing off the 'hook'.., but it does not get answered..have 2 cell phones & changed cc account phone numbers so that all just come in to the one phone that normally does not get many phone calls. Change your phone number.

Just got an appt. this morning with the former trustee bk attorney for the middle of November (hurrah ! ), and even so I am only filing both are requested to be there, sounds good to me. Yes, and a good object lesson for DW.

As to restricting spouses movements... nope, does not work here...presently there definate improvement, as no $ equals the same as 'house arrest'... There is something similar to 'baker act', I don't remember it's name, but under a doctors order, she can legally be made not to go near gambling places. I am sure I will be corrected if wrong.

Spouse quit smoking on a 'cold turkey' basis some time ago after smoking 3 packs + per day...this after being scared 'to death' following a health emergency episode... I am hoping that THIS emergency ( financial disaster..) will be the 'scared straight' motivator to overcome the gambling addiction. Great about the smoking. I hope you are right. Three strikes and out.

I believe that there is reason to pray and have hope... you may think I am a 'sucker for punishment' however, there is (maybe unbelievable so) a strong bond between us, a long part of life that I am not willing to give up...NO, I do not think this at all. You love this person and it was for better or worse. You are doing right.

I wish you both well. Get over this one and make a new life. 'Hub

[OHBOY]

THANKS to ALL that responded to my 'ramblings'...each and every comments is much appreciated !!!

Will in turn keep you updated on what's going on as this case proceeds through (for me) 'uncharted waters'...perhaps we can all learn something here and there...

[aljohnson007]

Just a comment on taxable gambling winnings. I believe you can offset winnings by gambling losses and in your case, you shouldn't have a problem proving your case if required. JMO.

[OHBOY]

Just a comment on taxable gambling winnings. I believe you can offset winnings by gambling losses and in your case, you shouldn't have a problem proving your case if required. JMO.

JMO:
THANKS for your input !

Yes, I am aware that gambling losses can be offset against gambling winnings (had to do it for a 'few' years), however... the bad part is that the 'AIG' ( Adjusted Gross Income'), which is the income PRIOR TO TAKING GAMBLING DEDUCTIONS, and is the amount that is used to establish how much ( if any) of the Social Security Income is subject to taxation.
In my case spouses gambling 'winnings' bring Social Security Income up to max amount of possible taxation, while in comparison without those 'winnings' NONE of our Social Security income would be subject to taxation...therefore the impact to the tax burden is drastic...

Personally I am surprised that not more of an issue is being made out of this 'add on tax' imposed on Social Security income. With as many seniors gambling...one would think... or...
at least, one would think the casinos would lobby to have the extra taxation on SS eliminated...after all, would directly effect THEIR bottom line a huge boost.... get it ? more money into the senior gambling hands... more money to casinos....

Ghee...maybe I could get a job getting hired as a lobbyist by the casinos..... to be able to repay my debt...???

[LostNFound]

I think that I've read there is issues with money lost due to gambling. I've been trying to understand everything and I'm new in this "bankruptcy" way of thinking. But I think I read that you can be ordered to have to make payments on the money that YOU PERSONALLY gambled away. The fact that your spouse is guilty of that makes this a little more challenging.

WE also have a big fear of balance transfers that were made on our cards. We have $120K in credit card debt that we haven't made payments since Feb 09. We tried working through the credit issues by signing with CMS/Brad Daley and reassigning our debt to Brad. It's all very complicated, but we tried to change the terms on our credit cards, just as they had changed the terms on us. We continued to make payments on our cards until the interest rates jumped and we gave up. CMS may very well be the reason that I haven't been taken to court. Then again, it could just be our "luck". We haven't quit CMS, we are just sick of not getting ahead.

Anyway, I'm not sure if 90 days will matter with regard to our balance transfers that were made less then 2 months prior to stopping payments. We are at the end of our rope at that point and should NOT have made the decision to take more money out on our cards. But it was that or lose a house...so we did it. Now, I may have to pay for that decision. You may have to pay for the same decisions you made.

A good attorney is the ONLY one with real answers for us. I finally have my appointment set for Nov 10th. I can hardly wait. I will finally be able to come clean with all of this and hopefully take the first steps and living my life again.