I'm really curious about this. If I just put off paying my debts indefinitely and never filed for bankruptcy, what's the worst thing creditors can do?
I understand that I can be sued, have a judgment placed against me, and have up to 25% of my wages garnished by my creditors. But is there anything they could do beyond that?
I'm not planning on letting it get that far (I plan on filing within the next 3-6 months), but it keeps me calm and sane to keep the worst-case scenario in mind and remind myself that it may not be as bad as I think.
Edit: Shoot, I meant to put this in the "General Bankruptcy Talk" category and not the "General Talk" category. Sorry if this is out of place...
I understand that I can be sued, have a judgment placed against me, and have up to 25% of my wages garnished by my creditors. But is there anything they could do beyond that?
I'm not planning on letting it get that far (I plan on filing within the next 3-6 months), but it keeps me calm and sane to keep the worst-case scenario in mind and remind myself that it may not be as bad as I think.
Edit: Shoot, I meant to put this in the "General Bankruptcy Talk" category and not the "General Talk" category. Sorry if this is out of place...
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