What to Do If You are Being Sued by a Debt Collector

If you are being sued by a debt collector, then you are in a big amount of trouble. All the creditor needs to prove is that you owe the debt they say you owe and they will get a judgment in their favor. Ninety-nine times out of a hundred, gaining a judgment is a simple process and the creditor wins.

But thankfully, the law provides a way for you to stop it. Below, our Charlotte bankruptcy attorneys will discuss your options for dealing with a debt collector lawsuit.

First Steps in Dealing with a Debt Collector Lawsuit

If you are being sued by a debt collector, the first thing you’ll want to do is take an inventory of your finances. This includes all of your bank accounts, income, and even valuable assets that could be sold off to repay the debt. The debt collector is going to be targeting these after they’ve gained a judgment.

Fighting the Lawsuit

In most scenarios, the debtor will not have sufficient grounds to fight the lawsuit. As stated earlier, the debt collector need only show that you owe the debt, and you probably do. In some cases, fighting the lawsuit will make sense. 

If you are sued and you simply ignore the lawsuit, a default judgment will be entered against you and in favor of the debt collector. Our Debt Relief Attorney in Charlotte has helped thousands of families through legal representation.

Bankruptcy as an Option

For the debt collector, a bankruptcy filing is a worst-case-scenario. They have invested money in the process of filing a lawsuit, and now run the risk that all those efforts will go for naught. Depending on your income, you may be able to discharge the sum entirely in Chapter 7 bankruptcy or roll it into a monthly payment in Chapter 13 bankruptcy. If the debt is unsecured (and it usually is by the time it reaches a courtroom) you may not have to pay back the entirety in Chapter 13.

Talk to a Charlotte Debt Consolidation Attorney

If you’re being sued by a debt collector, you want to move fast. The attorneys at Jack G. Lezman, PLLC have helped several individuals manage their debt struggles and start off with a clean slate. Talk to us today for more information on how we can help.

You can call us at (704) 544-8202 or reach us at our address :

7400 Carmel Executive Park Drive

Suite 105 

Charlotte, NC 28226, USA

Phone : (704) 544-8202