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  #1  
Old 04-12-2008, 09:51 PM
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Join Date: Apr 2008
Posts: 3

just served

What is the name of your state? CT

I got into some credit card trouble and we over extended it and could no longer keep up. We looked into a credit consolidation company but the payment was not in our favor. We signed up with a debt settlement company and I have not paid a payment on my cards in about 4 months. I was served today to court in may. A popular bank is suing me with a local laywer as their representative.

What can happen to me? Worst case, best case?
  #2  
Old 04-13-2008, 09:14 AM
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Join Date: Jun 2000
Location: Somnambulist University
Posts: 39,530
Quote:
Originally Posted by jalexa View Post
What can happen to me?
Judgment against you.

Quote:
Worst case, best case?
There is no 'best case'. What will happen is they will get a judgment against you and then using it, start seizing any non-exempt assets that you have. Also, you are going to take a substantial credit hit.
__________________
There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution).

Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport!
  #3  
Old 04-14-2008, 07:05 PM
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What are non-exempt assets ??
I am aware of the credit hit.It is already ruined.
  #4  
Old 04-14-2008, 08:20 PM
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Join Date: Apr 2008
Posts: 48
Quote:
Originally Posted by jalexa View Post
What are non-exempt assets ??
I am aware of the credit hit.It is already ruined.
Stop putting money into a bank account for one. If you happen to have a bank account where your checks are deposited automatically, you are gonna get "screwed" cause they are going to take any money from that bank account. They will garnish your paychecks. Get ready to have no money. They can put liens on your car and house.
  #5  
Old 04-15-2008, 12:50 PM
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Join Date: Nov 2007
Posts: 59
I would suggest seeking advice from a consumer based web site. Someone who has been in your situation and got good results.
__________________
I am not a lawyer, just an educated consumer.

Most of your answers can be found by googling: credit info center. Tons of consumer information regarding very possible kind of debt. You can find people who have been in your situation and will give you advice. Plus they are really helpful there!
  #6  
Old 04-18-2008, 06:48 AM
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Join Date: Apr 2008
Posts: 11
Quote:
Originally Posted by jalexa View Post
What are non-exempt assets ??
I am aware of the credit hit.It is already ruined.

I found a list of exempt/non-exempt assets from the CT General Assembly website:

[url]http://search.cga.state.ct.us/dtSearch_lpa.html[/url]

Search Chapters 903 and 906 for pre and post judgement remedies and procedures


Hope this helps!
  #7  
Old 04-18-2008, 03:09 PM
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Location: Somnambulist University
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Quote:
Originally Posted by NASCAR_Devil View Post
I found a list of exempt/non-exempt assets from the CT General Assembly website:

Hope this helps!
Of course it doesn't help.... since you link is to a search site that provides NOTHING to the poster.
So, with that....

To the poster:
The link to the actual statutes (that you can review) is at:
[url]http://www.cga.ct.gov/2007/pub/titles.htm[/url]

You want to look up 'Chapter 906, Sec. 52-352b. Exempt property.'
__________________
There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution).

Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport!
  #8  
Old 04-18-2008, 03:16 PM
Junior Member
  
Join Date: Apr 2008
Posts: 11
Quote:
Originally Posted by JETX View Post
Of course it doesn't help.... since you link is to a search site that provides NOTHING to the poster.
So, with that....

To the poster:
The link to the actual statutes (that you can review) is at:
[url]http://www.cga.ct.gov/2007/pub/titles.htm[/url]

You want to look up 'Chapter 906, Sec. 52-352b. Exempt property.'

Wow...are you always a prick or are you just having a bad day?
  #9  
Old 04-18-2008, 04:54 PM
Senior Member
  
Join Date: Jun 2000
Location: Somnambulist University
Posts: 39,530
Quote:
Originally Posted by NASCAR_Devil View Post
Wow...are you always a prick or are you just having a bad day?
Always a prick.... to those who make posts on this LEGAL ADVICE forum that are inaccurate or could harm the person asking for help. I do not tolerate stupidity or incompetence.... both of which you suffer from.
__________________
There are at least 17 lawsuits (!!) pending in various courts, including the US Supreme Court, asking if Obama is a natural born citizen (as req'd by Art II, Sec 1 of the US Constitution).

Why has he spent over $1.35M in legal fees to block disclosure... rather than spend $12 for a VALID birth cert to settle the matter? The 'certificate' he has presented doesn't qualify to get a drivers license, wouldn't allow a child to qualify for Little League, or for a real citizen to get a US passport!
  #10  
Old 04-26-2008, 10:48 PM
Junior Member
  
Join Date: Apr 2008
Posts: 3
Thanks everyone, I have hired a lawyer and I hope I am going the best route.
Being sued for 1 card I am sure many more will join aboard which will result in a wage garnishment and possibility of loosing my home so I am basically forced to do a chapter 7 bankruptcy.
Darn ecomomy!
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