I am being sued for indebtedness of old credit card debt. Debt is only about 2 years since my last payment. what should I do?
2 attorney answers
It may be possible to defend the lawsuit. Now, if you have other debt problems, a bankruptcy is probably your better option. If, however, this is your only problem debt, I would suggest consulting an attorney who defends collection cases.
You are on the right track. Assuming it is a debt that you legitimately owe, negotiating a payment plan or bankruptcy are two options. Both are probably better than a default judgment followed by garnishments, which would be your other option.
These things don’t get better with time. In general, your options are somewhat limited once you have been sued, but they become more limited once a judgment is entered against you. Talk to a bankruptcy attorney in your area soon to determine your best course of action.