Legal Question in Credit and Debt Law in Texas

can no longer pay credit cards

I have 80k or more in Credit Card debit and can no longer pay. Loss of income and investment loss. No savings left, just a few mortgaged properties. Three and I live in one. I am looking into Chapter 7 (I also have no money to pay for)

I have missed 3 or 4 payments on the cards (5 different ones)

The banks keep calling me what if anything should I say?

I have tried to work it out with 1 bank but they still are asking for more per month then I can pay and the rates are 30% or more.

Can you advise me what to say to the banks, what path to take, so I can keep my properties. Also I am self employed so No paycheck, business pays for itself with maybe 1,000 net per month.

Thank you


Asked on 8/22/06, 9:32 pm

1 Answer from Attorneys
James Grissom Law Office of James P. Grissom

Re: can no longer pay credit cards

These questions can best be answered by a bankruptcy attoreney. I doubt that there would be a charge for consultation.

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Answered on 8/26/06, 9:05 pm


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