Re: lost

Hi thanks Paula for the responses. I'm glad to hear I can file
without damaging my hubby. I guess I should start calling my credit
cards and find out which ones are joint and which are just mine.

I have one, AT&T Universal card, which had a 11%APR. Last January I
was one week late, yes one week late and this was the first time it
had happened, I made them check. They raised my APR to 27.99% and
said I'd agreed to that increase should I ever be late. The balance
is $10,700. So the finance charges are $246 a month and the minimum
due is $251. I've still made the monthly payment on time everymonth
since then. I called them and found out that my hubby is only an
authorized user, that he is not responsible for the account if
something were to happen to me.

I had planned on using my inheritance to pay all this off, but my mom
says it could be another year. I think I'm just going to stop paying
this particular card, really I can't pay it whether I wanted to or
not, but I guess the balance will keep increasing by $250 a month in
finance charges, plus late fees, then over the limit fees when I
reach the limit which I can't remember what that is. It is scary
that it could end up exceeding my inheritance by the time I get it!
I have 3 cards through Cambridge Credit Counseling, went there a few
years ago to get lower interest rates, wasn't behind or anything. I
called them to see about adding this ATand T card. They could get
the APR reduced to 9.99% but my payment to them would go up due to
their not for proffit fee, so I'd be sending ATT $278 a month through
Cambridge instead of $251. Although it would be better in the long
run, I just can't do it.

Well I'm gonna try to see about my other cards.

SC

--- In , Paula Ogden
wrote:
> Hi,
> Welcome to the group!
> "Can a married woman file for bankruptcy, without damaging her
> husband?"
>
> Yes, as long as he's not a co-signer on the accounts, you can file
and it won't have any affect on him. If you file and you do have
joint accounts, the creditors will turn around and go after him for
payment.
>
> You need to check with an attorney about the inheritance issue. I
know that if you receive an inheritance within a certain amount of
time of a bankruptcy, they can seize your inheritance to pay off the
creditors.
>
> A lot of us can relate to the job issue. My husband lost his job
as a product engineer in January. He's now working as a shipping and
receiving supervisor for less than half of his previous pay.
>
> If I were you, I would see a few different attorneys and get a free
consultation. See what they recommend. If you are sure about the
inheritance, you may be able to just stop paying on the credit card
debt and then settle with the creditors later when you get your
inheritance. Or check on the time line for inheritances...you may be
able to file now to discharge all the debt, then be able to keep the
entire inheritance if enough time has passed. Don't mention the
inheritance to your creditors, of course, but see what an attorney or
two has to say. Here's a website Petra put together that can also
answer more of your questions.
>
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> P.
>
>
> "When you get into a tight place and everything goes against you,
till it seems as though you could not hang on a minute longer, never
give up then, for that is just the place and time that the tide will
turn." Harriet Beecher Stowe
>
>