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Originally Posted by phonesex
3. You can take a chance and write checks to your credit card companies, wait to your credit card company posts the check to your account and free up credit. You can then go and spend more money :-). By the way.. you never had any money in your checking account to clear those checks.
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Holy cow, and you said you worked for an attorney? Did he get disbared or did you get fired. You just told someone to comit a crime. Writing a check and not having the money in the bank to cover that check is illegal. If it is over $500 it is a felony. Bad advice.
What you do need to do is contact a good bankruptcy attorney ASAP (I believe you only have a month or two left to file before the law changes in the US regarding bankruptcy) and let him sort it out while you get to work. If it were me and bankruptcy was the only way to go I'd pick one credit card I wanted to keep and pay it off so it has a zero balance. That way you do not lose it when you go through bankruptcy. All other bills that are not related to my housing I would stop paying all together. That way you have a place to live and an emergency credit card. For a few years that is all you will have. that one credit card and cash/debit card.
There are some people who will still lend you money after you file bankruptcy but expect to pay a lot higher interest rate. If mortgages are say at 6% interest with your bankruptcy on your credit report expect to pay 10%+ with probably at least a 20% down payment.
If you are stuck and it is the only way out then you have to do it. But as I said time is running out. You need to do it ASAP. Call an attorney today.