You should speak with a local consumer rights attorney. There are various statutes that may protect you from collection actions, and the debt holder may be time-barred from filing any suits against you. Additionally, there are various state specific exemptions available should the debt-holder receive a judgment against you, and a local consumer rights attorney will be able to determine if any exemptions apply to your situation.
This is not intended to be legal advice, and is general in its nature. No attorney-client relationship exists or is formed by this information. Furthermore, this does not represent the views or opinions of LexisNexis or its affiliated companies.
Answered on Sep 06th, 2012 at 1:01 PM