I am trying to come up with money to file bankruptcy and have quit paying some of my creditors to do so. This one company insist I pay or give them their collateral now. How long can I put them off. I won't be back to my residence for another week to 2 weeks.
Tell them you are not going to pay and if they want their collateral they can sue you. They talk tough but in the end there is nothing they can do without filing suit against you other than to harass you. Just block their number. If they call from a different number start whistling or talking crazy when they say something. Have some fun with them. You will be free of them as soon as you file bankruptcy anyway.
Nashville Bankruptcy Attorney Greg Atwood, Partner at Atwood & McVay, LLP.
Just telling the creditor that you plan to file bankruptcy may be enough to keep them off your phone. They will get the collateral through the bankruptcy process if their paperwork is proper.
These comments do not constitute legal advice. They are general comments on the circumstances presented, and may not be applicable to your situation. For legal advice on which you may rely consult your own lawyer.
You can put a small down payment with an attorney and turn the matter over to the attorney to handle. Once representation is established, no more calls.
There is nothing in reality that they can do to repossess collateral in your home in two weeks. Tell them that you are planning to file for bankruptcy. Once you have filed, the debt and the underlying collateral will be dealt with - either through paying for it, surrendering it, or possibly, if the circumstances are correct, lien avoidance. Would you like to come in for a free consultation?
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