Thank you for answering my questions. I have 2 follow-up questions. I have quite a few assets worth more than $100. Will I have to give those away. How would anyone know they're my assets and not my parents since we live in the same house?
At the time that I put those advertising fees on my cards, I did expect to repay them, so do you still think they wouldn't be dischargeable? Right before putting around $500 in advertising fees on each of these cards I sent in $250-$300 to each of them. Would that fact help?
One last thing. Although it looks like I have no choice but to file bankruptcy becuase my business has really gotten slow, so I don't have the money to pay my bills any longer, I'm nervous about filing for bankruptcy and having it denied. I did inflate my income on several of my credit card apps a couple of years ago hoping to get a lower apr. If my bankruptcy is denied, I will have ruined my credit, be out the attorney fees, and will still owe all this money that I don't have.
Would a better option to be to just stop paying my bills? I know my accounts will be sent to collection agencies
who then might sue me, but even if they sue me and get a judgement against me to garnish my wages
, since I'm self-employed and don't have the money, what can they do? This is definitely not something I want to do, but I can't make the monthly payments, so I don't really see any other way out of this.
Thank you again for your time.