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Re: To J. Kelly
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Posted by J Kelly
(68.162.96.221) on February 03, 2004 at 15:21:44:
In Reply to: To J. Kelly posted by Huxley on February 03, 2004 at 14:38:49:
Yes, they can get a judgement against you, they just can't collect. But, your circumstances most likely will improve over the next several years. (We all have bad times) and then they can execute the judgement. http://whychat.5u.com/States/state-ca.html
As far as I know, the SOL in Calif is 4 years. So, if you can lay low for another year or so you will have a SOL defense. Otherwise, if you are sued, you can ask for validation. They usually can't validate. (you don't remember that debt or that it was so much). I filed chapter 7 after I was served, before they got a judgement. NEVER IGNORE A SUMMONS/ APPEAR OR ANSWER. Of course my credit was ruined and I will have a bk on my credit report for 10 years. That was the alternative to paying a CA almost 10,000. I am near retirement age, so the credit issue for me is very limited. it is said that you can start to rebuild credit about two years after bk.
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