I have no secured debt except my house and its up to date. have 25,000 plus personal loan to bank of america and a ittle over 8,500 in three other accounts. What is the worse they can do with sc. exemptions.5000 personal with 4000 wild-card, no wage garnishment in this state(except for child support & alimony) homestede is covered to 50,000. What is the worse they can do. Have sent letters to cease all communications certified mail. Why file bk. Curious what your thoughts are.
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If you have checking, saving, annuity, retirement accoounts, with BoA, the worst they can do is this:
Take ALL of your money to pay the debts you defaulted on. Thent hey can overdraft those accounts to the limit. And apply that to what you owe on other loans and CC's
If you have no accounts at risk, you'll be okay. If you have other accounts with them, move them immediately.
Good luck,
-dmc11-20-09-- Filed Chapter 7
12-23-09-- 341 Meeting-Early Christmas Gift?
3-9-10--Discharged -
covered those bases, but thanks for the response.Comment
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