What will happen when I stop paying my Verizon bill?

Me and my mother are on a family plan 2 year contact we're on our 13th month and my mom just lost her job and I can't find a job either and Bill can't be paid. My question is when they turn off this phone ( iPhone 5s ) what will happen? Will the phone still be able to work or will they lock it? Could I still use Wi-Fi and use a texting and calling app or will the whole phone be disabled. I don't know anything about phones somebody help me understand. Could I take this phone to another company like page plus?

U die

The only thing on your phone that will work is 911.

They'll turn off the service for the phones. You will not be able to use them for anything - texting, calling, internet, nada.

You might want to call Verizon and see if they can do something for you. Otherwise, if your mom stops paying altogether, not only will they turn off your service but they'll turn the contract over to a bill collector. Your mom's credit rating will take a big hit as well, which will make it very difficult to get loans, or restart the service later on.

Verizon may be able to just suspend the account. You'll lose service but the account won't go delinquent.

Your phone becomes blacklisted. Then your credit gets ruined as they try to collect what you owe.

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