Legal Question in Bankruptcy in South Carolina

Due to some financial hardships, I am planning on filing bankruptcy within the next three months. I need some time to acquire the money to pay the attorney; therefore, I thought about stopping my payments to the creditors before filing. I have been on time up until now; however, my money sources have dried up, including my 401K. Does it make a difference if I stop paying several months before filing or should I try to find a way to continue to pay? Will the creditors be able to put a lien on my home which, by the way, is still mortgaged under my deceased mother's name with me as "Joint Survivor" on the Deed. Citi owns the mortgage and is the creditor on two of my credit cards. I had never been late on any bill when suddenly Citi raised my promotional rate to 21.99% when I chose to "Opt-out" back in Dec, 2009. My credit score was 787 in early 2010 but changed throughout the year when I began to use them more because of the higher payments. Thanks


Asked on 9/04/10, 12:20 pm

1 Answer from Attorneys
Jack Hall Hall Bankruptcy Services

This would be much easier to explain the answers to your questions on the telephone - I have done bankruptcy cases before in South Carolina and would chrge you $200 if you were eligible to file for a Chapter 7 but I can't say whether you are or not without nowing more specific facts. You can call me at the number listed on my bio at this web site or you can call me anytime, including this weekend, if you wish, at this number nine one five two six one three eight nine three

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Answered on 9/11/10, 9:29 am


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