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Are we gonna get sued????


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Posted by Drowning in Debt on February 27, 2002 at 01:00:37:

We really need some advice. Our bills have finally gotten the best of us. We have $120,000 in unsecured debt. I know, it's sick. Well, this is the first month we just couldn't pay our AmEx bill and decided we'd had enough. When we realized we could never get out from under we considered BK. After talking to the worst BK attorney in the world, we decided it's not for us. (It really isn't, don't even suggest it) We just aren't willing to lose everything if there is another way. So we are considering going with a debt negotiator. The only downfall we can see is the fees and the poor credit rating. And if that's it, we don't care. We don't want to field the phone calls with the creditors and collection agencies and don't want to deal with the negotiations. I am very pleased with my debt negotiator so far and am about to sign up. When you owe this much, what's a few fees? Anyway, my biggest FEAR is being sued. Does anyone know how likely that is to happen??? If we're trying to negotiate wouldn't they rather deal than go through a lawsuit?? Isn't a lawsuit more trouble for them?? Do they usually get the judgement if they do sue?? Doesn't the judge see that you were TRYING to pay and work something out?? As far as our credit rating goes, we have resigned ourselves that it is just going to suck, pure and simple. What did my perfect rating get me in the first place, MORE CREDIT. It let us get into this pickle in the first place. We have our house and our cars and plan to stay put and just try to get out of this mess we're in. Also, we're in Florida which we've heard is "consumer friendly" and the best place to be if you're in this bad situation. Any advice is welcome, we know what COULD happen, we just want to know what is LIKELY to happen. Thanks!


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