I have to delay my bankruptcy and I am behind on credit card payments. Could they sue me?
I owe $20,000 in credit card debt and haven’t been able to pay it for a few months. I am currently away in China visiting my mother who is recovering from a heart operation.
I have a part-time job in Canada, but I’m on leave until I come back from my travel. My monthly paycheck is $700. I can’t afford my monthly credit card bills due to my low income. I rent an apartment with my roommate.
I don’t have any savings/ investments or own anything of high value. All I have is my clothes, laptop and bike. I don’t see my financial situation getting any better and I want a solution for my debt.
The collection calls have been non-stop, they call me several times a day. I am afraid the credit companies will file a lawsuit against me while I am gone. Is this likely to happen given I would be missing 4 monthly payments by the time I return?
If I file for bankruptcy after I come back would it be okay, or would it be too late to stop them from suing me? I am so stressed out and going through a hard time in my life. Your help would be greatly appreciated.
No one can predict if they will sue you or not.
But, I think it is unlikely that you would be sued in this situation.
If they do sue you then filing bankruptcy when you return will erase the debt.
– Licensed Insolvency Trustee (LIT)