Chase Bank is suing me for credit debt. Help

[morph999]

What is the name of your state (only U.S. law)? Indiana.

I'm being sued for about $6000. I am part owner of a house that I currently live in. I one of 3 owners...my brother and my mother are also on the title. I got a notice yesterday that said that I need to contact them in 20 days of this notice. It was a Superior Court document that said that I was being sued.

How can I protect the house from having a lein on it? I have no money in my bank account but I'm worried that when I do put money in there, they will take it. Can they do that and if they can how can I get money to live if they keep taking money out of my bank account? The bank I currently have a bank account with is not Chase, though.

I'm thinking about calling them up and trying to settle the debt for maybe $2000. Is that the best thing maybe? Thanks.

[Some Random Guy]

Do you have any chance of prevailing in court? For example, is the debt not yours or is it very old and past the statute of limitations? Is this your only debt, or is bankruptcy an option for you?

You can certainly try to open negotiations with them, but they are going to want a limp sum up front and few, if any payments afterward. If you cannot come to an agreement right away, you will need to respond to the lawsuit, otherwise you will lose by default and they will be able to use that judgment to place liens on your property and freeze your funds at your bank.

[morph999]

the debt is pretty new. My family said that they will help me out for a lump sum payment. They are the only ones that have the money to help me settle this. I'm still broke but I'm making money now so I told them I will pay them back.

So is my only option just to hopefully settle the debt? I can't protect the house in any way? I'm more worried about the house than what is in my bank account (which is $0 right now).

[StephenH]

If you can come up with a lump sump payment, contact Chase or their attorneys and offer to pay it in full before it goes to court. They may offer to drop the case if you can pay them in full before the hearing.