I have a number of creditors -- currently I am behind on one Chase card, Discover, and my Amex card. Probably this month I will not be paying my First National Bank. I have another Chase, a B of A, an Old Navy, and Bill Me Later that I am current on. I plan to stay current on those for the foreseeable future, the B of A largely b/c I/we have bank accounts with them. So until we can get that taken care of, I think I need to keep paying.
Am I guilty of "preferential treatment" by paying those creditors and not the other two?
Large Chase -- Missed March's payment, first one I have ever missed
AMEX -- Ditto above
Discover -- Ditto
1st National -- Will probably miss April, first one I will have missed
Small Chase -- Current ($20 minimum *I think*)
Bill Me Later -- Current ($10 minimum)
Old Navy -- Current ($12 minimum)
B of A -- Current ($85 minimum)
My husband suggests making token payments of $10 to each card at this time, so that they "know [you're] alive and haven't cut & run". Until we can get the bank account situation resolved, either by removing my name or having my husband open new accounts in his name only, I must keep current on B of A.
We are waiting to have me file BK until after the baby is born in 3.5 weeks. When the medical bills not covered by insurance come rolling in, then we will go ahead with the whole lawyer & file thing.
Any advice? I am not sure what to do. Can I reaffirm with Old Navy & Bill Me Later when I file? Is something like that allowed?
Thank you for any advice, etc!
Am I guilty of "preferential treatment" by paying those creditors and not the other two?
Large Chase -- Missed March's payment, first one I have ever missed
AMEX -- Ditto above
Discover -- Ditto
1st National -- Will probably miss April, first one I will have missed
Small Chase -- Current ($20 minimum *I think*)
Bill Me Later -- Current ($10 minimum)
Old Navy -- Current ($12 minimum)
B of A -- Current ($85 minimum)
My husband suggests making token payments of $10 to each card at this time, so that they "know [you're] alive and haven't cut & run". Until we can get the bank account situation resolved, either by removing my name or having my husband open new accounts in his name only, I must keep current on B of A.
We are waiting to have me file BK until after the baby is born in 3.5 weeks. When the medical bills not covered by insurance come rolling in, then we will go ahead with the whole lawyer & file thing.
Any advice? I am not sure what to do. Can I reaffirm with Old Navy & Bill Me Later when I file? Is something like that allowed?
Thank you for any advice, etc!
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