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Procedure to settlement with creditor in WA stateI owe an insurance company money. its been about 6 months before i got a letter from there lawyer. stating they wanted to get it resolved. tryed to tell me they would not except $250, so i just started sending the insuarance co. that amount and am on the third payment. Now the lawyer wants me to pay them at 12% interest going back 10 months.And send it to them. Along with a promissary note. What can i do? Attorney answers (1)
Reputation Level 11
Answered over 3 years ago.
Chapter 11 Bankruptcy Attorney in Seattle, WA.
It's hard to know how to help without more facts. You don't say how much they claim you owe. It does sound like you agree that you owe them money, so generally creditor lawyers will be willing to try to work with you to come to a reasonable settlement. I would keep trying, and I would not sign a new promissory note with them. Best of luck to you! Shelly
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