Can they take all my assets away
No they cannot take all your assets away. Depending on your overall financial situation, Bankruptcy may be right for you. An experienced AK Bankruptcy attorney will be able to determine which type of Bankruptcy is the correct one for you. Use AVVO's Find a Lawyer tool to select a qualified attorney. Good luck. THIS IS NOT LEGAL ADVICE! YOU NEED TO SPEAK TO AN ATTORNEY WHO IS LICENSED IN YOUR STATE FOR LEGAL ADVICE. This is merely suggestions for you to think about in discussing your situation with the local attorney.
If you found this Answer helpful, please mark it as "Best Answer" Please be advised that the answer above is only general in nature cannot be construed as legal advice, given that not enough facts are known. It is your responsibility to retain a lawyer to analyze the facts specific to your particular situation in order to give you specific advice. Specific answers will require cognizance of all pertinent facts about your case. Any answers offered on Avvo are of a general nature only, and are not meant to create an attorney-client relationship.
If you owe the debt, You can try to settle (and possibly pay a lessor amount) or make a payment plan. If you have many debts then bankruptcy may be an option. Use the find a lawyer tool here on AVVO and ask for a free consultation. Good Luck!
I am a Massachusetts licensed Attorney. These answers are for informational purposes only.
Assets may be executed upon only after a legal judgment is entered against you by the court. It is always best to address debts before a lawsuit is filed, however. You may choose to tell the debt collector to stop calling you, however that may also force them into a lawsuit, if that is the only way they feel they will be able to collect.
This answer given for general advice and is not a legal opinion, which would require an analysis of the facts and circumstances as well as the applicable law and regulations. This communication does not create an attorney-client relationship, and no part of this communication is confidential or privileged in any way.
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