 Posted: Tue Apr 22, 2008 5:25 am Subject: |
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For the most part, you're right. To file a suit at that point in the game is usually throwing good money after bad. I didn't mean to make it sound like every CA/Creditor is going to sue once they know you have an attorney -- most really won't.
There are a few reasons why it may happen. 1) In a case of a BK-13, sometimes a judgment can be filed as a priority claim instead of a GUC. Priority claims get paid first and at 100%, where GUC's may only get 10%.
2) Some cookie-cutter law firms may take up to a year before they file a case for you. If the creditor can get their judgment and start a wage attachment right away, they might get paid off before your BK is ever filed.
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DebtCruncher
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