consolidation or Chapter 13
If you are suggesting that your unsecured debt is in excess of $
If you are suggesting that your unsecured debt is in excess of $360,000.00 (you indicated you owe over 1 mil) you cannot file a Chapter 13. You really need to consult with an attorney.
Des.
I have $38,000 in cc debt. My attorney filed power of attorney f
I have $38,000 in cc debt. My attorney filed power of attorney forms to all cc companies (7) and is waiting to present a settlement amount to each. How long should I have to wait to offer settlements? So far, I have received two collection agency letters threatening to take my cases to court.
I have been advised to ignore these letters and to be patient for the right time to file.
Is this normal procedure?
Does you attorney know anything about debt collections and debt
Does you attorney know anything about debt collections and debt settlements? There are some companies like Citi, Cap One, AmEX and Discover that sue, especially if the debtor or attorney is attempting to settle lower than what they want settle for.
I would recommend NOT ignoring these letters....depending on the creditor, your attorney if not experienced in the field could be doing you more harm than good.