Anyone who takes the time to respond to all these questions is an angel...
Hey guys, 25yrs/student/$30,000 debt here again. After talking to you all, I realize I need to make a couple life-affecting decisions this weekend and that my situation might be more complicated than it originally sounded. HELP!!
I'm hoping to call a few bankruptcy lawyers next week but I NEED TO KNOW FIRST:
Will simply talking to a bankruptcy lawyer for advice become legal evidence that I already have no intention/way of paying back my debt, even if I don't end up actually filing for a few more months? I have a few old cash advances (yet still less than 90 days) from my "reserve line" that went directly to my checking acct. The line between what was a "reserve line of credit" and is NOW in my "checking acct." is fuzzy. Allll of my credit cards, this reserve line, and my checking account are from the same bank. Yikes. One big giant monster coming after me - but the same monster that I deposit my checks into every week.
So because of that, is spending money from my checking acct. (granted, that has a larger sum of money in it because of these cash advances) to pay for things between now and filing considered fraud?? Will talking to a bankruptcy lawyer make it look even WORSE? I can't stop making ALL purchases from my personal checking account before bankruptcy, right? And the legal line between "necessities" and "luxuries" is also fuzzy.
I am just so confused if I should be making small payments to my bank/creditor so that it doesn't look like I just stopped with the payments while still continuing with the charges (I stopped paying the minimum 2 months ago.. just quit cold turkey). This is essentially what happened, however I originally thought I'd be able to pay it all back.. but since the numbers don't add up with income:debt ratio, will that be believable to a judge??
Will all the $30,000 be proven as fraud (is my case DOOMED??), and should I speak with a bankruptcy lawyer as early as next week or wait a couple of months to buy some time without using credit?? Close the credit accounts and reserve line?
Scared of both the time-line of my situation and esp. how to handle my money/checking account in the next couple of months. None of it seems like my money anymore, but I still have to pay the bills. Don't know if switching banks will solve anything.
I'm young, a bright student and good friend, but way in over my head financially, it seems. I would much rather be poor with no debt than in this fuzzy legal prospect .
Seriously looking for help. "Doomed" seems the most likely scenario for me right now. I worry it'll never be discharged since it's all one bank.
I'm hoping to call a few bankruptcy lawyers next week but I NEED TO KNOW FIRST:
Will simply talking to a bankruptcy lawyer for advice become legal evidence that I already have no intention/way of paying back my debt, even if I don't end up actually filing for a few more months? I have a few old cash advances (yet still less than 90 days) from my "reserve line" that went directly to my checking acct. The line between what was a "reserve line of credit" and is NOW in my "checking acct." is fuzzy. Allll of my credit cards, this reserve line, and my checking account are from the same bank. Yikes. One big giant monster coming after me - but the same monster that I deposit my checks into every week.
So because of that, is spending money from my checking acct. (granted, that has a larger sum of money in it because of these cash advances) to pay for things between now and filing considered fraud?? Will talking to a bankruptcy lawyer make it look even WORSE? I can't stop making ALL purchases from my personal checking account before bankruptcy, right? And the legal line between "necessities" and "luxuries" is also fuzzy.
I am just so confused if I should be making small payments to my bank/creditor so that it doesn't look like I just stopped with the payments while still continuing with the charges (I stopped paying the minimum 2 months ago.. just quit cold turkey). This is essentially what happened, however I originally thought I'd be able to pay it all back.. but since the numbers don't add up with income:debt ratio, will that be believable to a judge??
Will all the $30,000 be proven as fraud (is my case DOOMED??), and should I speak with a bankruptcy lawyer as early as next week or wait a couple of months to buy some time without using credit?? Close the credit accounts and reserve line?
Scared of both the time-line of my situation and esp. how to handle my money/checking account in the next couple of months. None of it seems like my money anymore, but I still have to pay the bills. Don't know if switching banks will solve anything.
I'm young, a bright student and good friend, but way in over my head financially, it seems. I would much rather be poor with no debt than in this fuzzy legal prospect .
Seriously looking for help. "Doomed" seems the most likely scenario for me right now. I worry it'll never be discharged since it's all one bank.
Comment