Attorney vs Collection Agency

My views:

When your creditor files lawsuit against you, the judge reviews the case and issues a judgment. Now if the plaintiff, i.e. the creditor wins, judgment enters your report. It is listed in the public record section and stays in your report for 7 years from the date of entry or as long as the SOL is live.

Bankruptcy is a different thing. By filing bankruptcy you declare that you are unable to pay your debts. So your creditors might be paid off by selling your property or the bankruptcy court might ask you to submit a payment plan. There are different types of bankruptcy. Bankruptcy is also listed in the public record section of the credit report and stays there for 10 years.

Forgot to reply to your first question. Do you already have a judgment in your report? Chapter 7 bankruptcy sometimes discharges judgment, but there are some criteria to qualify. You should contact a bankruptcy lawyer of your state to know your options.

absolute... contact your b-ruptcy attorney and give him the info in the letter so he/she can contact the attorney and handle the matter for you. I think you need to make sure the debt that they are seeking a judgement on in included in the bankruptcy filing

I have spoken to a couple of attorneys regarding bankruptcy and the cheapest that I have found is $700 and in our very brief conversation he seemed to be nice. Of course, he needs his money before he can do anything and I don't have it - so I am trying to figure that part of it out.

So in this case it is a letter regarding seeking a judgement against me (future tense.)

I have written a letter explaining my situation but if they get a judgement against me and then I come up with the money and file for bankruptcy what happens to the judgement?

Thank you -

Judgment will still stay in your credit report under the public records. Your credit report will be tarnished at the maximum. I hope if you can arrange some money and do the credit repair. This may not sound easier for you but this will do the best help for you.

A judgment stays on your record for 10 years, however the creditor can extend this. As to your other question, there is no difference between a collector and a collction attorney under the law. Both must obey the fdcpa and your state's laws.