]I am new to this forum, but have been reading over the threads the past couple of days. I feel very confused and don't understand a lot of the bk terminology. I hope someone can help with some of my questions. I have just now started not paying some of my cc companies. We have a lot of cc with high balances, 2 personal loans (unsecured), along with a 1st & 2nd mortgages, which I am sure we owe more on our house than it is worth when you total both mortgages. We also have a 2006 ford truck with payments of 375.00, and we own a 96 HD motorcycle that is paid for. I also have a 2005 nissan quest minivan that we purchased 1 1/2 years ago. We do not have a bank loan on this van but my husband borrowed the money from his 401K plan, which we are now making payments on. I feel sure we are probably not going to qualify for chapter 7 due to the median income and will have to go for 13. Our 2nd mortgage is with BOA, as well as the truck, and 2 cc, and our checking account. Our unsecured cc are about 80,000, 2 loans about 25,000, and owe 13,000 on the truck. We have been sinking, for quite a while, and my daughter and our 2 grandbabies moved in with us in December. We have been almost totally responsible for their all of their financial needs, daycare, clothing,food, transportation ect. Due to the fact that their dad pays no child support, because he doesn't like the work thing, but is now in jail so it doesn't matter anyway, and after forcing our daughter 2 1/2 years ago to go to drug rehab, hiring a lawyer to retain custody of the kids at the time, she now has her life on track, and will graduate with her college degree in December. It has been a long hard road, and I know everyone has their own hardship reason for needing to file bk. This situation and all the stuff we have had to financially assist her with until she finally divorced him and came here to finish her schooling has brought us to the end. I am scared to death. We don't want to lose our home or our vehicles, I don't know what to do next. I made the mistake of taking out some of my 401 K earlier in the year and since I could not get it all it only prolonged this situation. Should we see a lawyer right away? Do we answer these phone call we are beginning to get? I have also read that I should open another checking account somewhere else since I owe a lot of different accounts at
BOA. I have 1 loan that is debited from my checking account that is due on the 8th that I am not going to have money for. How long do these companies go after you default before they Sue or garnish your wages? Can anyone recommend a good bk attorney in the Nashville Tn area? Any help appreciated!
BOA. I have 1 loan that is debited from my checking account that is due on the 8th that I am not going to have money for. How long do these companies go after you default before they Sue or garnish your wages? Can anyone recommend a good bk attorney in the Nashville Tn area? Any help appreciated!
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