YOU’VE BEEN SUED! What’s Next?

Creditors are getting more aggressive, and one of the debt-collection techniques that I’ve been seeing creditors use more frequently is suing on an old credit card debt. How do I know this? Clients are coming in for a free debt consultation after just being served with a lawsuit that is based on an old credit card debt. If you’ve been sued, or a creditor is threatening to sue you, and you want to learn about your options, then call my office at 210-930-7000 to schedule your free debt consultation.

Here are the questions that I get most often from people that have just been sued:

Will I Go To Jail?

No. You can’t go to jail for failure to pay a debt.

Will My Paycheck Be Taken?

There is no wage garnishment in Texas, except for student loans, child support & IRS debt.

 

Will I Lose My House Or Car?

The only way you lose your house or car is by not paying for them. There’s a general principle in bankruptcy and out of bankruptcy: If you want to keep your possessions, then you must continue to pay for your possessions.

 

What Can Happen To Me?

If the creditor wins the lawsuit against you, then he will get a judgment that says he wins and you lose. The creditor can use that judgment to get a Writ of Garnishment to grab the cash in any bank account with you name on it, unless the cash is from Social Security or VA Disability. The cash is taken, even if you have checks outstanding that have not yet cleared your bank. IF YOUR CASH IS TAKEN, HOW WILL YOU PAY YOUR CAR PAYMENT, HOUSE PAYMENT OR OTHER EXPENSES?

 

What Can I Do?

You could do nothing, and then hope that the creditor with the judgment does nothing to you or your cash. You could spend thousands to fight the lawsuit and still lose. You could simply pay the creditor what is owed. Or you may be able to file bankruptcy to protect yourself. I’VE HELPED SOME PEOPLE IN THIS SITUATION BY FILING A CHAPTER 13 BANKRUPTCY FOR AS LITTLE AS $125 PER MONTH.

 

Chapter 13 For As Little As $125 Per Month? (click here)

 

Want To Learn About All Your Options?

Call Me For A Free Debt Consultation.

Call 210-930-7000 To Schedule Your Free Debt Consultation.