I received a deficiency judgment in 1993. I never reached a settlement agreement with the holder of the debt. Its been 24 years since the judgment. Can they still try to collect?
JA: Because laws vary from state to state, could you tell me what state is this in?
Customer: Huh what?
JA: Have you talked to a lawyer yet?
Customer: I'm a financial advisor. The judgment appeared on my form U-4. My broker dealer suggested I should try to resolve it.
JA: Anything else you think the lawyer should know?
Customer: The debt was sold to a collection agency
in 1993. It was a debt I guaranteed. I dealt with the collection agency. I offered to settle for half, they refused. I haven't heard from them in 20 years.
JA: Because consumer protection law varies from place to place, can you tell me what state this is in?
Customer: It happened while I was a resident of Golden, Colorado.
JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Bankruptcy Lawyer about your situation and then connect you two.