Debt Settlement?
I just posted a question a few minutes ago about my wife having to go to court over her credit card. Like I said before we have all ready settled 2 w/ a debt settlement company. Her’s is the last one we are settling and now she has to go to court. She has lost her job because of plant closure. We have a small amount built up in our acct. with debt settlement company, but nowhere near what the lawyers say we may have to pay. Does anyone have any thoughts of what might happen?
The worst thing that can happen to you is that you will lose the case.
If your wife doesn’t have a job, they can’t garnish her wages.
If you own Real Property, they can put a lien against it.
Otherwise, lawsuit judgements can also be “settled” if the creditor agrees. Just because the plantiff wins the case doesn’t mean you have to pay the entire judgement amount-it just gives the creditor more options to come after your assetts.
You just need to present you case in a clear way to the court. Show them that it because of you job situation that you had to enroll yourself into this program. It actually looks good on your part that you have enrolled in a professional debt settlement company.
I work for a debt settlment company, and when you are taken to court like that the most they can do for a first timer like that is make sure you know that you owe that money. If you go before a judge all you have to do is let him know that you are alread enrolled in a program that is taking care of the debt for you. If you have the paperwork that you signed for the settlement company take it with you and present it to a judge.