Originally Posted By: dweste
Well. now I am being sued by a creditor. So much for working out payments.

And I just got formal notice of foreclosure unless I can get even by early July. So much for negotiating an extended time to pay, temporary payment hiatus, or lower payment or interest rate.

Okay, that's their move. Now I have to consider mine.


I've represented people suing others for collection and all kinds of matters. Most lawyers and clients who are looking to recover money don't ever think they are going to recover 100%, especially when you are dealing with businesses seeking to collect bills.

Filing suit is one of the things they can do. If you are considering bankruptcy, tehn telling the creditors that is one thing that may lead them to accept a lower amount.