Sentences with phrase «creditor files suit»

Also, if you do proceed with them and could afford a higher payment amount, that would shorten your program, which means they could settle your debts sooner and as Damon says below, lessen the chance of problems associated with a creditor filing suit.

Not exact matches

Unsecured debt is held by creditors that have no claim to your assets, unless they file suit against you (i.e. credit cards).

I thought filing bankruptcy prevented creditors from collection activity including pending foreclosures, evictions, wage garnishments, and law suits.

If you ignore creditors for a year or more, the likelihood that they will file suit and try to attach your wages goes up.

Other creditors have 90 days from the meeting to file a suit alleging that their debt should not be eliminated in the bankruptcy.

Statutes of limitation for credit card debt collection, all 50 states — Creditors have a limited time in which to file suit over unpaid credit card debt.