August 17th, 2006 by Questions
I am thinking of declaring bankruptcy due to loss of income. I have been unemployed for 6 months. I currently have three credit cards in my name plus a line of credit and overdraft at my bank. Total debt is approx. $24,000.00 I also have joint credit cards in both my name and my husband’s. My husband has been able to keep up with his debt. but cannot pay my debt. If I declare in my name only, what happens to the debts that are in both of our names? What will happen to my bank account? Will the credit line and overdraft be eliminated? Will my bank close my account? I currently have automatic payments coming out of this account.