BEING SUED OVER BAD DEBT IN KATY?
When a debtor defaults on a debt, the creditor has a legal right to file a lawsuit to recover payment for the balance of the loan. You have an obligation to pay your credit cards, lines of credit, car loans, and other debts, and failure to make your monthly payments exposes you to the possibility of being sued. Unfortunately, a bad debt lawsuit can have disastrous consequences for the defendant, and to make matters worse, not all such lawsuits are legitimate. A large percentage of such lawsuits are won by the creditor for one simple reason: The defendant does not even try to fight the case.
The fact is that many lawsuits over bad debt are simply riddled with weaknesses that can be exploited to the advantage of the defendant. For example, it may be difficult – or even impossible – for the plaintiff/creditor to prove that you owe any money on the debt. Many credit card debt lawsuits are brought by collection agencies and debt buyers who purchase bad debts for pennies on the dollar, followed by filing lawsuits wholesale against the debtors. The paperwork they received regarding the debt may be inconclusive as to how much you owe or whether you are even the person who owes the money. It is also possible that the debt collector has made critical legal mistakes in filing the lawsuit. Need a lawyer for a debt lawsuit in Katy? An attorney from the Law Office of Corey L. Mills can meet with you to review the situation and determine the most effective strategy for defending you against the consequences you face. The key is to take action as early as possible after learning that you are being sued.
AUTOMATIC STAY IN BANKRUPTCY
In addition to defending our clients in court, we also try to help them avoid debt lawsuits by declaring bankruptcy. If you qualify to file either Chapter 7
or Chapter 13
, you will be protected from adverse creditor action by the automatic stay, which is a legal injunction that prohibits debt collectors and others from attempting to get you to pay. Bankruptcy also gets to the root of the situation by eradicating your problems with debt and giving you a fresh start in life. Searching for a lawyer for a debt lawsuit in Katy, TX? Contact the Law Office of Corey L. Mills
today to schedule your free case evaluation