Should I Just Stop Paying My Bills? – Janet

“Dear Steve,

I am 66 married hubby is 55 & on disability – I have been fighting depression all my life – I work part time but hours are being cut – company may go under – no jobs out there for the elderly – we are 105000.00 in debt of cc & loan- can’t pay them anymore – tried calling the cc & loan for a better repayment plan they were no help – seeing a lawyer about bankruptcy – I am getting calls fron a 800 # but when I answer no one is there so I hang up – I presume it is from the loan company – why can’t they just be on the other end – I will answer even though it does no good.

I am paying some of these bills even though it is a hardship should I just quit paying them all? Also should I tell them when they do call that I will be filing for bankruptcy?

I love your site & thank you for being such a caring person in this time of need


Dear Janet,

Honestly, it sounds like bankruptcy is the route that is best for your situation. If you have not already met with a local bankruptcy attorney, click here for a free bankruptcy consultation.

Since bankruptcy is in your near future, and if you agree that it is, yes, stop making any further payments to your credit card companies. You’ll have to discuss stopping any additional payments with your bankruptcy attorney since I don’t know what else you are paying.

If the collection pressure is too much for you, then you might want to read How to Hide From Debt Collection, the Debt Collector, and Creditors and follow that advice while you get things sorted out.

I feel strongly that you need to move ahead with your bankruptcy as quickly as possible for several reasons. You’re right, you’re age does not make it easier to find a job, additional payments are not going to dig you out of this hole, and your history of depression only makes it harder to take action.

Depression and debt go hand in hand. I’m not sure which comes first but I do know that untreated depression only makes life with debt, so much worse and harder than it has to be. Please make sure you are seeking help for your depression. Between that and your bankruptcy you will be able to love a beautiful sunrise again and fill your life with hope, rather than despair.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
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3 thoughts on “Should I Just Stop Paying My Bills? – Janet”

  1. Hi Steve – I am the same depressed Janet that wrote to you awhile back – just to let you know I have gone back to my psch & slowly the depression is getting better – now the anxiety about bankruptcy. My lawyer is quite conservative & I guess knows the laws here in Fl, my questions – we are going 13 what happens if we cannot keep paying the trustee? I have been put down to 2 days soon to be 1 & hubby is on disability – when we filed it looked like I was on 3 to 4 days – have not gone to court yet however payments start on the 4th. Now I cannot even modify my mortgage because then they will want more $ even though we qualify under Obama’s plan. Lawyer says it is what it is for five years! After court & plan is approved can we pay the $19,000.00 early? I may be able to get a “gift” from children in a year or so. For your readers going through depression,found a great web site – people just like us! Thanks Steve – once again, your are a God send!

    • Janet,

      The first step is to notify your bankruptcy attorney of the change in income and ask to have your payment plan modified to reflect the new income. If you can’t afford your mortgage payment and the mortgage company is still not willing to modify it then you might have to think about converting your Chapter 13 bankruptcy to a Chapter 7 after letting the house go back to the bank. There are options but they all start with the attorney.

      I’m so glad to hear about your depression and thank you for sharing the website with all of us.

      Keep me posted on updates by posting a comment to your original question.



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