[Gamer525]

I live in New york state and have worked all my life, I had good credit, an apartment, all bills were paid. I am 58 years old. I lost my job about a year ago and can not find work anywhere... not even mcdonalds. I have a huge debt of around 40k+. In the course of a year I lost everything... 401k is gone, retirement money is gone, health insurance is gone, everything GONE! I now live with a friend who helps me out. The credit card companies r after me and call ALL day and night.. I have told them I have NO MONEY and can not at this time pay. They r putting a judgement in against me. What does this judgement mean to me? I have nothing except a small bank account left from unemployent insurance... can they take that?

I no no one wants to hire me due to my age... it seems my whole life was for nothing.

[JudyKayTee]

As far as the debt is concerned, yes, creditors can get Judgments and sit on them, waiting for you to get a job, inherit money, do whatever would ultimately get them paid. If they do nothing - don't get a judgment - the statute of limitations will expire and they will be out of luck.

Yes, they can move against your bank account.

[PoorBloke]

Remove all money from bankaccounts you want to keep.. you need to go on a cash to pay for things lifestyle.. you can buy visa gift cards to pay bills online maybe.. or money orders..

[s_cianci]

You may want to consider filing for bankruptcy under Chapter 7. This will grant you a blanket of protection and prevent your creditors from getting a judgment against you. On the downside, it'll kill your credit but I gather that that's already shot anyhow.