Arizona  |  Credit and Debt Law

Legal Question

Asked on: 3/06/09, 11:02 pm

defaulting on credit card debt

I was told by a bankruptcy lawyer that I can't declare

bankruptcy because I have a CD worth $14,000...it is all the money that I have left after losing my investment due to the suicide of the firm's principal. I am 74 yrs. old. If I just stop paying my credit card debt, can the companies take my money without suing me?

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