QUESTION
What should I do when threatened for debts?
Asked on Oct 10th, 2011 on Bankruptcy - Colorado
More details to this question:
I have debts tht are past-due to company distributors. Now I am being threatened. I need to know some options.
14 ANSWERS
Bankruptcy Attorney serving Livonia, MI
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Charles J. Schneider, P.C.
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File a bankruptcy?
Answered on Jul 03rd, 2013 at 3:16 AM
Family Law Attorney serving McDonough, GA
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South Atlanta Family Law
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You can negotiate a settlement with them or look into filing bankruptcy.
Answered on Nov 07th, 2011 at 9:20 AM
Bankruptcy Attorney serving Myrtle Beach, SC
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Law Office of Margaret L. Evans, PC
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You can try to settle the debts for less than is owed, but don't get trapped into signing agreements to get 1099s in the place of forgiven debt. BEST ADVICE - gather all of your debt information and talk to a bankruptcy attorney FIRST before making a decision.
Answered on Nov 02nd, 2011 at 11:36 AM
William C. Gosnell
First try working out payment plans. If that doesn't work then hire a lawyer and file a chapter 7 bankruptcy.
Answered on Oct 31st, 2011 at 4:11 PM
Google FDCPA to see if you have a violation claim.
Answered on Oct 27th, 2011 at 10:53 PM
Debtor's Rights Attorney serving Atlanta, GA
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Theodore N. Stapleton, P.C.
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You may qualify for a chapter 7 Bankruptcy in which you can discharge your debts.
Answered on Oct 27th, 2011 at 2:02 PM
Family Law Attorney serving Bellevue, WA
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Dearbonn Law Offices PLLC
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You should file for bankruptcy.
Answered on Oct 27th, 2011 at 2:33 AM
Glen Edward Ashman
Meet with a bankruptcy lawyer who can discuss all your options which may sometimes be other than bankruptcy.
Answered on Oct 27th, 2011 at 1:24 AM
Bankruptcy Attorney serving Hampton, VA
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Haven Law Group, P.C.
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You have a few different options including settlement negotiations and bankruptcy. Depending on your financial situation will drive which option is the best for you. You would be well advised to sit down with a bankruptcy attorney to discuss all of your options.
Answered on Oct 26th, 2011 at 7:51 PM
You should consult with a debt resolution attorney. Your creditors may be violating the Fair Debt Collection Practices Act and may be subject to fines.
Answered on Oct 26th, 2011 at 6:53 PM
Bankruptcy Attorney serving Atlanta, GA
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Jakob-Barnes Law Firm, LLC
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You may want to explore your option of filing a bankruptcy. When you file for bankruptcy, creditors are not allowed to collect on the debt, meaning no phone call, no letters. There are two different types of bankruptcy for individuals, a Chapter 7 and Chapter 13. Consult with an attorney to determine whether one of these will help your situation.
Answered on Oct 26th, 2011 at 5:42 PM
Chapter 7 Bankruptcy Attorney serving Huntington Beach, CA
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Law Offices of Christine A. Wilton
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You first need to know if these debts are strictly company debts or whether you're personally liable. If you personally guaranteed those debts, or used your SSN number to obtain the credit, then chances are, you're personally liable. You can either negotiate to settle the debts outside bankruptcy, or consult with a bankruptcy attorney to stop the collections and discharge that debt. Your choice.
Answered on Oct 26th, 2011 at 5:42 PM
Chapter 13 Bankruptcy Attorney serving Bloomington, MN
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Gregory J. Wald
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One option would be negotiation for payment arrangements or settlements. Another option is bankruptcy.
Answered on Oct 26th, 2011 at 5:33 PM
You have not provided enough information. Generally, you can try to settle the debt for less than you owe or file bankruptcy.
Answered on Oct 26th, 2011 at 5:28 PM