Thursday, July 18, 2013

Need help on next steps with uncooperative debt collector

Thanks for the response. All of this is taking place in Connecticut (where I am from). I do understand that the debt collector is not on my side. I was already sued by them (served with a summons on the day after Christmas 2012), which resulted in a stipulated judgment I had no choice to sign since I could not afford a lawyer.

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Ouch. Judgments in CT are enforceable for 20 years.

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44% of the entire debt, including interest, is paid off..

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I wouldn't count on that.

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If you ask the collector how much the balance is, you might be in for a shock since you defaulted in May.

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My mother said I don't qualify for bankruptcy since the debt is small. She knows since she had to file twice over the years.

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The size of the debt has less to do with bankruptcy qualifications than your income level.

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If you are curious as to whether you might qualify for Ch 7, take the means test and see how you come out:

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http://www.uscourts....rrent/B_22A.pdf

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However, if this is your only debt and you have no other?income or credit issues, then bankruptcy might not be a good choice.

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But if you have other debts that are eating up all your income (even if they are being paid current) then bankruptcy might be worth looking into.

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And (no disrespect here) do not take legal advice from your mother.?Unless, of course, she is a bankruptcy attorney.? ^_^


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