You have a number of options, depending on your individual situation. You may have defenses to the law suit . If you do not have good defenses, you may be able negotiate a settlement for less than the full amount or get installment payments through the state court or discharge the debt in bankruptcy. Which option is the best for you depends greatly on your individual situation and many factors must be considered. I would be happy to discuss your situation in more detail and give you better guidance.
Answered on Sep 07th, 2011 at 11:15 AM