Re: Understanding charge offs

Posted by Why Chat (209.240.222.130) on June 04, 2002 at 21:08:25:

In Reply to: Re: Understanding charge offs posted by JIM G on June 04, 2002 at 20:59:49:

The minute you decide to "deal" with any one of them, the rest will immediately file for judgement,seize your bank accounts and make your life miserable. How about this, go and sit down with a BK lawyer, have HIM negotiate a settlement for you with all of them. You are aware, if he succeeds,you may be taxed on the $$ written off, and unless the lawyer is VERY careful,the balances may be resold to other ca's.As to your credit-- any settlement restarts the 7 year reporting clock.

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