I am 8,500.00 in credit card debt. I only get 743.00 in SS. I can't afford to file bankruptcy. I am 67. what should I do.
1 Answer from Attorneys
If you do not have any other assets (house with equity, expensive car, jewelry, etc), you are what is called "judgment proof". That essentially means you have nothing the credit card company can come after you for. You just need to be sure you only have money from social security in your bank account. This money is completely exempt from the credit card company even if they get a court judgment against you.