When you default on a debt there is a typical process of collection. First, the creditor’s in-house collection department will contact you. If that does not provide resolution, your account will be sold or assigned to a collection agency. The collection agency will then attempt to collect the debt, if unsuccessful the debt will be turned over to an attorney. The attorney will sue you in an attempt to get a judgment, so they can lien your property and garnish you. Ignoring creditors will almost always lead to a judgment against you for much more than the initial debt. If you would like to schedule a free initial consultation to discuss your options for dealing with creditors click here or call us at (425) 258-2704 or (866) 415-1705
If a creditor gets a judgment against you, that judgment can be a lien against your property and your wages or bank accounts could be garnished. Filing bankruptcy before the claims against you have been reduced to judgments can reduce the cost of bankruptcy. Even if the claims against you have been reduced to judgments, the debts can usually still be discharged in bankruptcy, the liens on your property removed, and garnishments stopped. For clients where bankruptcy is not an option we will attempt to negotiate a resolution that all the parties will agree to.
Creditors can call you, sue you, put liens on your property and garnish your wages. But they must abide by collection laws while doing so. At the Law Office of Ken Schneider, you will receive assistance from a seasoned attorney who will work to stop creditor harassment. We can use bankruptcy, debt negotiation, or the Fair Debt Collections Practices Act to stop creditors from harassing you. Contact us at (425) 258-2704 or toll free at (866) 415-1705.