Ill, deeply in debt. I could not fight all of them, and live in fear of possible scenarios.

[rescue me]

I am a senior who had two businesses that I tried to resurect when a certain bank sent my job overseas. At the same time I became progressively more ill, and was using cr cards for attempt at business, and medical needs. My doctor finally called it, and encouraged an application to ssdi, that is full disability, not ssi which is a small cash monthly pmt, and medicaid. SSDI gives a larger amount, to live on, but no medical benefits, moves up medicare to two years from date of appoval.

I was very fortunate to be approved, as the recession hit hard. Else homeless and deceased according to my medical provider. I was awarded appox 1,100 monthly, downsized, and think I can make it. One thing though.

Sixty four thousand in credit card debt spread over 15 cards, all shapes and sizes, i.e. balances from two to nine thou. One bank bought out cards, I had five cards w/one bank. The calls caused me to request desist calls and submitted copies of Disability letters, w/explanations of attempts at resurecting business. At this point, I have changed my phone num., as the calls are making me more ill. I am aware of laws, no co-mingling of funds, and an account should be safe from seizure (checking, and no govt, or tax issues), but w/this many cards someone will probably "try me", sue, just too much out there. I mean I have too many accounts.

I am very ill. In need of surgery. I have about three thou to my name, an old 94 Nissan, and thats about it. Business I am trying to re-start, but pretty sick, and fatigue holds me back at times. I own no property, besides small old Nissan. Should I file bankruptcy, putting me in a precarious position for medication and Dr. visits, or wait them out? I have a P.O. Box, thru Oct. 09

Bankruptcy, for peace of mind, so tired, very little left, or let them dunn, and get their judgements - which is not peace of mind either they can temp freeze acct, till establish to attny that non co mingled S.S. fees. Or change banks, apparently there is one bank I spoke to said they do not transfer fees for judgements till the source of deposits are determined, as a matter of fact reccomended to me by S.S.A.

My illness is serious, obviously, did not have to go to hearing, most people win benefits at a hearing two years after filing. But causes fatigue which hampers investigation and action at times, as rest is often necessary.

I do not accept anything answered as legal advice, if anyone kind enough to reply, just comments on my situation. Thank you- Rescue me, and that is not the Supremes, or Shirelles, it is an older gent who ironicly worked in the credit card industry. Irony to the max.

[Hedwig]

Although I'm not usually one to suggest bankruptcy, I think yours is a case where it is warranted. It will get you out from under your debts, and give you peace of mind. Then you can take the limited income you have now and take care of your medications and medical issues without worrying about someone grabbing your money.

If you do try to start a business again, please be careful that you don't run up a lot of bills, because you won't be able to file again for quite a while.

[jjgross]

Quote:

Originally Posted by Hedwig Although I'm not usually one to suggest bankruptcy, I think yours is a case where it is warranted. It will get you out from under your debts, and give you peace of mind. Then you can take the limited income you have now and take care of your medications and medical issues without worrying about someone grabbing your money. If you do try to start a business again, please be careful that you don't run up a lot of bills, because you won't be able to file again for quite a while.

I agree with hedwig it's time to pull the trigger on bankruptcy. My husband was very ill and we found ourselves penniless and an income of 1100 a month our rent was 550,his medicine was 800 a month.So we got help.We called and got free meds through the org that Montiel Williams is a spokesmen for.And most for free,Some where a small cost.The first thing that happens is ssi with medicaid,then ssd,so you'll be ok,and they have a program where you can work and not lose any benefits.So hang in we'll help you through this.

[rescue me]

First a thank you for the kind answers. I have been able to secure meds thru programs, and rent at only $400.00 monthly. This is why I flip, flop.

If I file Bnkrptcy, it will put me on a really precarious financial situation. I have quotes of $1,200. I have to pay for a monthly Dr. visit, and small pmt toward meds.

This fear grips you, and you wonder, will they sue you? Then when you consider the sheer number of accts. I realize someone will.

Can I depend on the bank not transferring cash if judgement and freeze on checking. As stated above SSA suggested bank says do not transfer funds till source is verified.

SSA also offers a program that issues a credit card, or you can utilize a payers representative.

I'm amazed at some of the experiences folks have had here. When I worked for credt and collections agency skips were not given that much attention, and judgements were rare. A collectors cue, might have severl thousand accts in it, you'd have to "cream" it, and suit was only for very high balances, and with knowledge that the person lived in a state w/strong garnishee laws, and we had the info. Also property a owner, w/large balance, and not a long list of 09's. It seems from reading the forum, dentists are sueing for a teeth cleaning fee.

At first I felt secure, but as I have monitored this great site, I have began to get a feeling of vulnerability. When I worked for a large bank, I sent accts in for suit (around 05) w/fifteen thousand dollar balances, place of business known, accts, checking and savings known, and they would kick it back to me for more calls, and letters.

Has the debt business gone sue crazy in the last few years.

I did work for a junk buyer in the mid and late nineties, and he wouldn't sue anyone. The collection business has changed, suit is expensive, and I just have to wonder why this industry has chosen this as a method of collection, whereas within the last ten years, anywhere I worked as a collector suit was a rare action for the bank, or the agency to take.

Thank You.

[rescue me]

I need advice on one last "problem", and I apologize for the use of the word problem, as this world, abounds w/illness, lack of food, no water, things we take for granted.

My last employer, the one that sent my job to India, I still have 1,100 of my total cash assets of approx. 3 thou in a 401k w/that bank. Should I take that money now, I do need it. I have monthly obligations, and disablty ck. is leaving about $400 of discrectionary income after rent, elec. car ins. etc. It is safe by law I think in the 401k, but the bank has no control over that do they, access, or knowledge? They contributed half of my 401k, and I reduced that down to live on since 05, and lucky I cked the box for no risky investments. It is bonds, and six shares of the bank that sent my job overseas, but also bought all these other accts and the one discussed above I have five accts w/them, total debt about $30,000.

While working there, it was I who alerted N.Y. main office that we were sending accts overseas to foreign countries of FBI agents, and CIA, high Navy, Army, personnel. I had an acct. Place of employmnt : FBI, written across the field for employment. More than once, and agents, they can't have delnqunent debts, and usually would pay, as soon as contacted. Occasionally like all people in life their accts went a little later than usual. Right next to his work, FBI, were his ho pho, trainor for fbi i.e. his job there, and where he lived ss num, all personal info. It said scheduled to be sent overseas. I was livid. I alerted high mgmnt in N.Y. thru a program they had, like the old suggestion box. High mngement called back and all I heard from H.R. was they wanted to know who I was.

To my knowledge no action was taken. I saw a few segments of politicians when confronted w/this question, say the high ranking official should not of given the bank correct information. I called my local state senator, who asked if I told anyone else. Unconcerned. There was one local politician who bought it up in the Congress I believe, and the issue has never come up again on the news, in a few years. My state senator, sarcastic, bank supporter, asked what I did about it and told him alerted the Congresslady from a nearby county who mentioned it on the news. Height of war on terror, late 04. State senator hung up on me.

I'll charge off w/them in sixty days, sorry for digressing should I get the last of my money from that 401k?

Also, please if a judgement is filed can a safe deposit box be seized? I have some jewlry, probably not worth more than 4-500 dollars?

I stress daily till that first summons hit. And I do mean stress.

Thank you.