Aug
18
Sued by credit card company?
Filed Under Credit Card Debt
Matt S asked:
Hello. I just received notification that I am being sued by my credit card company. I stopped paying on this card about a year ago and thought I would just wait a couple years and settle. For various reasons, bankruptcy is not a good choice for me. My question is if they get a judgement against me, I know they can garnish wages and seize property, but I own a business and have no real property of value. Can they touch my business is my main question? I don’t think they can make me sell the business but maybe they can put a judgement against it when I do sell down the road? Looking to get some insight here before I speak with and pay a lawyer. Thanks! The debt is about 16K by the way.
OK I guess more details are needed. The credit was my personal credit card, not a card against the business. The business is doing well and definitely making it. My main question is can they put a lein against the business, which I’m sure they can. But I don’t believe any judge can force me to sell my business since it is my livelyhood. So I’m thinking there will be a lein against the business which when I sell (if I ever do) they can collect. Is my thinking correct? Anyone experience in this? It is set up as a sole proprietorship.
Hello. I just received notification that I am being sued by my credit card company. I stopped paying on this card about a year ago and thought I would just wait a couple years and settle. For various reasons, bankruptcy is not a good choice for me. My question is if they get a judgement against me, I know they can garnish wages and seize property, but I own a business and have no real property of value. Can they touch my business is my main question? I don’t think they can make me sell the business but maybe they can put a judgement against it when I do sell down the road? Looking to get some insight here before I speak with and pay a lawyer. Thanks! The debt is about 16K by the way.
OK I guess more details are needed. The credit was my personal credit card, not a card against the business. The business is doing well and definitely making it. My main question is can they put a lein against the business, which I’m sure they can. But I don’t believe any judge can force me to sell my business since it is my livelyhood. So I’m thinking there will be a lein against the business which when I sell (if I ever do) they can collect. Is my thinking correct? Anyone experience in this? It is set up as a sole proprietorship.
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Zij kunnen achterhalen wie betaalt u en vraag hen te sturen in plaats van de inkomsten. Waar heb je het bot-koppige idee dat je zou kunnen "wacht een paar jaar en op te lossen"?
de grote vraag, de factor is het krediet werd geleend want de zaken… dit een kleverige situatie zijn. De meeste bedrijven zullen opstelling een betalingsplan. Zo droevig uw zaken didn' t maakt het.
Bij 16 K zullen zij u voor de rechtbank dagen en zullen een vonnis krijgen. Negeer geen sommatie om naar hof te gaan.
Worden uw zaken beschermd onder een entiteit buiten een enig eigendom? Als niet dan ja zij zullen gaan na wat zij kunnen eveneens daar worden.
In plaats van het betalen van een advocaat gezet die prijs naar het betalen op de schuld. U moet regelingen voor betalingen schrijven en maken ALVORENS het naar hof gaat. U kon ook als 60-75% van de schuld in een paar betalingen, als 6 aanbieden.