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Bill Ford
Guest
What is the name of your state? CA
Greetings
In 2000 I divorced from a 40 year marriage. Kids are grown and gone. I am a retired CA state Civil Service worker and now receive retirement benefits from the state and from Social Security. I'm 66 years old.
I had to carry some 30 thousand dollars in unsecured credit card debt from the divorce. I have no appreciable assets. No R/E, no stocks, no savings and I don't have the winning lotto ticket. The "assets" I do have are typical household appliances, cookware, video stuff, no furniture of any kind (true), personal affects and a 1983 Ford work van (valued at 800 via Kelly Blue Book). No life insurance, minimal Medicare health through SS and I'm "residing" in a $480 a month warehouse unit in a small industrial complex.
Not trying to paint a bleak picture, just establishing a plausable reason for filing BK (7) and first raise the following question:
Are either or both (Civil Service Retirement income and/or Social Security income) retirement incomes attachable by creditors? What effect would that income have on successfully discharging the 30k credit card debt in an application for Chap 7 BK?
Its tough enough to make it with a very small retirement income let alone have to pay out half of my income to keep up with the credit card debt I got from the divorce.
Thanks
Bill Ford
SoCalif
Greetings
In 2000 I divorced from a 40 year marriage. Kids are grown and gone. I am a retired CA state Civil Service worker and now receive retirement benefits from the state and from Social Security. I'm 66 years old.
I had to carry some 30 thousand dollars in unsecured credit card debt from the divorce. I have no appreciable assets. No R/E, no stocks, no savings and I don't have the winning lotto ticket. The "assets" I do have are typical household appliances, cookware, video stuff, no furniture of any kind (true), personal affects and a 1983 Ford work van (valued at 800 via Kelly Blue Book). No life insurance, minimal Medicare health through SS and I'm "residing" in a $480 a month warehouse unit in a small industrial complex.
Not trying to paint a bleak picture, just establishing a plausable reason for filing BK (7) and first raise the following question:
Are either or both (Civil Service Retirement income and/or Social Security income) retirement incomes attachable by creditors? What effect would that income have on successfully discharging the 30k credit card debt in an application for Chap 7 BK?
Its tough enough to make it with a very small retirement income let alone have to pay out half of my income to keep up with the credit card debt I got from the divorce.
Thanks
Bill Ford
SoCalif