I am listed as a co signer on 6 different loans
, totaling a large sum. They are private student loans, and the person has defaulted. I have been in no position to pay, so the company that bought the loans has proceeded in taking action. I just received a summons for one of the loans, and with current interest and whatever fees I am being sued for just over $40,000 on this one loan. I had tried everything before this ever got to this point, but this company did not care, they wanted all or nothing, and denied any of my attempts to get them to work with me. Now I am in even less of a position to pay anything, even in the case of a judgement. Since 2007 I have been unable to find work. I do not have a degree, and for many other reasons, I will never be able to find work that would allow for the kind of income needed to pay these loans. For the reason the home and vehicle I owned I was forced to sell, before it got to a point I could not make payments any longer. I am now married, but was not before at the time of these loans. I moved into my husband's home, which I am not listed on the title
for. Due to these loans I found out banks now check credit when you apply to open an account, so I also do not have any bank accounts. I understand there is very little left for them to collect on, even if a judgement is entered at this point, but it is still a concern. I know they can put in to garnish at least our state tax refund, but it does not look as if they are able to garnish our federal tax refund. The last possibility I can find that they are able to do is get a writ to send a sheriff to our home to seize personal property inside of our home. We are married, but I consider this first and formost my husband's home. Very little in the home would I consider solely owned by me. We have 4 children together and another one on the way, and I consider most items in the home to belong to my husband or children. Other than some TV's I feel there is very little of value in the home worth taking, but am still scared that they may be able to clean out our home and leave only the minimum items protected. My husband and children are innocent in this, so are there any protections in place to keep their assets safe. I understand that since this is my residence, and we are married most items are looked at as joint assets, regardless of how I view it. So what can we do in this matter? Also am I over reacting in thinking they could potentially come in and take my children's toys and Christmas presents? To what extent would they normally take things in our home not listed under the clothing, etc exemptions
? Could they even take my engagement ring? Even with my husband's income we rely on our federal tax refund to help us get through the year, so a large settlement would be out of the question, and they won't accept anything short of the full amount anyway. I am guessing once this suit has gone through I can expect to receive possible summons on the additional loans involved. I have contacted 3 attorneys in our area, and so far 2 have responded telling me they do not wish to become involved in my case after review, and will not even offer a free consult or any additional information. So fighting the summons seems a lost cause at this point, so now I just need information on our rights.