<BLOCKQUOTE><font size="1" face=" Arial, Verdana, Helvetica">quote:</font><HR>Originally posted by cici:
I received a letter from a debt collector stating they had obtained a judgement against me and if I didn't pay they would seize property to satisfy the debt. My question is... the debt is from twelve years ago and is already off of my credit report, do they have a legal right to take anything from me? I ignored the form to list exempt property because I thought the statue of limitations had ran out. Was I right to do so? I live in North Carolina.
cici<HR></BLOCKQUOTE>
My response:
Man, oh man, oh man !! Boy did you mess up - - big time. All because you "think" something applies to you (like a limitation), doesn't mean you can ignore a "Summons & Complaint". The Statute of Limitations is an "affirmative defense" to such a lawsuit, and you could have easily won. Now, they have a judgment because you "defaulted" by not appearing through proper pleadings filed with the court. Now it's going to cost you even more to hire an attorney to try and undo what has happened, and there's no guarantees that will even happen. So, theoretically, you could wind up with big attorney fees AND the amount of the judgment.
Good luck.
IAAL
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[This message has been edited by I AM ALWAYS LIABLE (edited June 05, 2000).]
