In litigation for a credit card debt, would like to settle to hav ethe case over and done with, what % of debt

Asked over 1 year ago - Los Angeles, CA

is acceptable to offer? Also if the other party rejects my offer, will me offering to settle consititute as an admission? Would they be able to use my offer against me in the lawsuit? And would telling them that I'm close to filing for bankruptcy help them accept my offer?

Attorney answers (3)

  1. Constantine D. Buzunis

    Contributor Level 17

    2

    Lawyers agree

    Answered . I agree with the other attorneys, but all that being said, make your best effort to settle with them and try to start off with a very low offer, letting them know that you have other debts and are close to bankruptcy is not a bad thing if that is true, it certainly can't hurt your settlement negotiations.

    Legal disclaimer:This message does not constitute legal advice and does not create an attorney-client relationship.... more
  2. James Carl Eschen III

    Contributor Level 16

    1

    Lawyer agrees

    Answered . They could not use your offer against you. Offers to compromise are inadmissible to show liability.

    I'm not sure that telling them you are close to bankruptcy would help. Most people being sued for credit card debts are close to bankruptcy, and they have heard that a million times.

  3. Matthew C Simon

    Pro

    Contributor Level 18

    2

    Lawyers agree

    Answered . It depends on the details of you case. My best advice is to start low. Very low.

    The above is general information only and is not legal advice. The information provided does not form an attorney-... more

Can't find what you're looking for? Ask a Lawyer

Get free answers from experienced attorneys.

 

Ask now

26,704 answers this week

2,918 attorneys answering

Ask a Lawyer

Get answers from top-rated lawyers.

  • It's FREE
  • It's easy
  • It's anonymous

26,704 answers this week

2,918 attorneys answering