Re: Bankruptcy vs. Statute of Limitations???
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Posted by LadynRed
(199.91.33.254) on July 02, 2003 at 09:55:45:
In Reply to: Bankruptcy vs. Statute of Limitations??? posted by Julia on July 02, 2003 at 07:39:52:
Absolutely. What state are you in now, where were you before ? If the SOL(s) have run or are about to, and you can stay below the radar until they definitely run out, then you're almost home free. I say almost because you will still likely have a fight on your hands if any of the collectors find you. You'll just have to have a stock of Cease and Desist/expired SOL letters handy to send. You'll also need to be diligent in watching your credit reports to be sure that none of the scummy CA's illegally re-age your debt. If you've only got 2 more years before all the bad stuff falls off, I, personally, wouldn't file for bankruptcy. You could be home free in 2, 2-1/2 years - bankruptcy will hit you hard for an additional 3-4 (creditwise).
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