October 22nd, 2009 by Questions
I have ballooning credit card debt due to employment difficulties during the past few years. I manage to make the minimum payments, largely from my credit line, but unless things change drastically I don`t see how I will ever be able to finance the interest myself, let alone pay down these debts.
I keep about $1000 in my bank account for monthly expenses and have about $2000 left in equities.
My questions are around these amounts.
In bankruptcy would I have to give up the $1,000 `float`? Secondly, could the trustee fees come out of any money from selling the equities?
Posted from: British Columbia