To preface this, I didn't know whether this comes under the category of Consumer Protection Law or Bankruptcy Law, but here's my situation... I've been out of work for a long time due to the economy and the downfall of the construction business. I started a small decorative concrete business in 2010 with hopes that I could make enough to support myself. This was hard to get started, no working capital, new type of work for me in a new area. I did several small jobs and then I was approached by a Doctor to do a small job. I started the job and he added many new specifications and changes and this job turned into a big job. He never signed the original contract
, and I needed the work so badly that I jumped to make the changes that he requested, trusting that he would honor his obligations, as he is a very well-known and reputable professional. With the lack of working capital, I charged most of the materials to my credit cards ~ several thousands of dollars. The doctor paid me some of the debt as we went along and I paid the credit cards. However, I had to bring in additional labor and I paid them with some of the payments from the doctor. At the point where I was about 98% complete, the doctor approached me and said that he wanted me to leave and that he would only pay me $1500.00 because his wife did not like the work that I had completed. I refused and told the doctor that there was about 10 to 12 thousand dollars on my credit card and that did not include my fee. He did not pay me anything and I was stuck paying the balance on these credit cards. Two of the cards are in the name of G D Crawford & Associates, which is a now-defunct company, and the other is in my personal name.
My question is: If I quit paying on these cards, what can I expect these credit card companies to do and can they attach my retirement income? The total debt is about $30,000.00, which breaks down to $20,000.00, $6500.00, and $3500.00. I am to the point, finacially, where I can no longer pay these bills, hence my question here.
My current income is $2078.00 per month.