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Terry L.
Terry L., Attorney
Category: Bankruptcy Law
Satisfied Customers: 2611
Experience:  Better Business Bureau. 18yrs bankruptcy experience. Chicago Bar Assoc. American Bankruptcy Institute member.
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I have 5 properties in my name and my wifes name. They have

Customer Question

I have 5 properties in my name and my wifes name. They have gone down in value to about what is owed on the mortgages, so virtually no equity. I want to walk away from $50,000 in unsecured credit card balances, cards in my name, They were used for my construction business which has gone under. No bankruptcy, just folded company. I quit making payments on credit cards 2 months ago, called them first to tell them and this will be 3rd month of no payment at all. What is going to happen in North Carolina?
Submitted: 5 years ago.
Category: Bankruptcy Law
Expert:  Phillips Esq. replied 5 years ago.

Thank you for giving me the opportunity to assist you. I encourage you to ask me for clarification, if you are not clear with my Answer.

 

Could you be more specific?

 

What exactly do you need an answer to?

Customer: replied 5 years ago.
Did you read the first note?l
Expert:  Phillips Esq. replied 5 years ago.

Yes, I did. Your Question is: "What is going to happen in North Carolina?"

 

That question is too broad.