Consumer Protection Law
Consumer Protection Law Questions? Ask a Lawyer Now.
Thank you for your swift response. I am scheduled to be in court tomorrow but am very much considering bankruptcy since I have other debt that is looming and am unable to keep up with payments. The confession of judgement that they wish for me to sign also has other debts that have been assigned to their collection agency but are not part of this lawsuit. The total debt is around $7500. They want $1000 down and have it paid off in 2 years. I sincerely XXXXX XXXXX my current financial situation, that I would be able to afford this. I am wondering.....A. Do I need to show up in court tomorrow if I am going to file for bankruptcy? B. Does bankruptcy, in your opinion, seem like my best alternative? My current debt load is between $15,000 and $17,000. Thank you for your help!
I do realize I put you in an awkward position but I certainly appreciate your candid response. Thank you for your assistance. You have been very helpful! Have a great day!
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).