stipulation discontinuing action
Date: Wed, 05/25/2011 - 20:07
If The Stipulation states "the attorneys for all parties to the above entitled action, that wheras no party hereto is an infant, incompetent person for whom a committee has been appointed or conservatee and no person not a party has an interest in the subject matter of the action, the above entitled action and be, and the same hereby is discontinued, without costs to either party as against the other. The stipulation my be filed without notice with the county clerk." I receivd this in regards to a 24,000 credit card debt in the State of New York. I was served by the original credit card attorneys, I had my Credit Counseling Company try to settle for less than 50%, I do not have much, they would not settle. A few months later I got a letter stating that the attorneys changed from the original credit card attorneys to a seperate lawfirm from a collection agency. I was told to challenge all the fees and charges, which I filed twice, and then just a week ago I got this STIPULATION OF DISCONTINUING ACTION. It states on the cover letter that The IRS requires the credit card company to provide information about certain amounts that are discharged as a result of a cancellation of a debt on a from 1099.
This charge is under my name only, I work only 20 hours a week, and have no assets. My husband has stage 4 cancer and we have had to pay for his medical. I asked my credit conseling company, and they seem to think this will be dismissed due to the wording. But I won't know for sure until I get a 1099 in the mail next year. What do you thin is going on with this. I signed it and sent it back registered mail, could it be that they thought twice and being that I live in NY they can only garnish a part-time employee 10% and that I just didnot have anything so they will drop it?? What do you think I should do or what do you think is happening??? HELP
This charge is under my name only, I work only 20 hours a week, and have no assets. My husband has stage 4 cancer and we have had to pay for his medical. I asked my credit conseling company, and they seem to think this will be dismissed due to the wording. But I won't know for sure until I get a 1099 in the mail next year. What do you thin is going on with this. I signed it and sent it back registered mail, could it be that they thought twice and being that I live in NY they can only garnish a part-time employee 10% and that I just didnot have anything so they will drop it?? What do you think I should do or what do you think is happening??? HELP
Ya, you have to wait for the 1099 form. Until then you can't do
Ya, you have to wait for the 1099 form. Until then you can't do anything. Keep a copy of the letter with you. You may need it in future. You can contact IRS regarding this issue.
