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Hello, my husband and I owe $90,000 in unsecured debt, what happens to us if we just walk away? thank you
State/Country relating to Question: United States Already Tried: DEBT SETTLEMENT
in what state do you reside?
we reside in arizona
If you walk away, the creditors will seek to obtain default judgements against you. Those judgement would then attempted to be collected by garnishment of your wages to pay off the unpaid balance owed and/or freezing your bank accounts.
I AM 70 YRS OLD AND VERY SICK, MY HUSBAND IS 75 AND HAS PARKINSONS.
WE ONLY GET S.S AND HIS PENSION
thank you for the additional information, they cannot touch the SS money as it is considered exempt income.
what can the unsecured debtors do to us if we just walk away.?
if your only income is SS and pension, they cannot garnish those. the creditors only recourse would be to try to freeze your bank accounts.
Attorney
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