Hello~So here is the full situation-----In 2007 I purchased a 2007 Ford Mustang. I wasn't able to make payments, it was reposessed, sold at auction, and after all was done and said, I owed about $13,000. I was unable to make any payments until May of 2010-- where I had agreed to pay $400/month. I paid that $400/month for 7 months.... and then had hardship for money.... I didn't pay anything since last November... I haven't been in contact with Ford's Lawyer yet... but I happened to be planning to contact them at the end of this month to offer a settlement amount as I just got married and my wife's mother is willing to help me out with a settlement to make this go away so I can move on with my life... Well, now 2 days ago I got a letter from Ford's lawyer telling me they subpoena
'd my bank, and is requiring my bank to give testimony
next Friday at a deposition hearing, and telling my bank that they want copies of all checks deposited to my account since March 1, of this year....In the letter Ford's lawyer sent, they included a copy of the "subpoena duces tecum" they issued my bank, they included a copy of a "notice of deposition" to me, and they included a cover letter saying "If you supply the information requested in the subpoena by mail, or by facsimile transmittal on or before the time specified in the subpoena, it will not be necessary to appear in our office and the appearance date set forth on the subpoena will be canceled.So that all said, here are my follow up questions....Would printing out my bank statements for the said time and sending them to them be sufficient? Or do you think it must be the check faces themselves? They aren't going to find out much... March, April, and May were slow for me, I had nearly ZERO money in my account...but then I did deposit checks that were wedding gifts in the account a few weeks ago that were significant (totaling $5,000) --- but that was immediately spent on paying off my wife's credit card that was used for our honeymoon... so I am back to nearly $0 there... nothing for them to take... my wife has $7,000 in her other account.... but that is not the account that is in question..... I don't even know for sure that Ford's Lawyers knows I got married.......BotXXXXX XXXXXne, I have the ability to offer them a settlement via my wife's Mom. I want to be able to call on Monday, tell them ONLY what they NEED to know, and give them ONLY the records that they require and make this all stop.... make them cancel the court deposition, have them accept the settlement offer..... and FINALLY put this behind me.Well my back is up against the wall sorta now, because I have been reading alllllll over online that you should typically start with an offer of 25%, and sometimes they will accept that, and typically always settle for 50%....... So I had been planning to do that, and that is what my mother in law is expecting... but I know at one point, Ford's lawyers had told me "a settlement offer has to be 90% of the amount owed for us to accept it--- any other offers must be submitted to our client (Ford) for review---I want this to go away for as little as possible $$ wise, and DO NOT want this deposition to happen... what is your advice?