Bankruptcy attorney said to hurry and file… could it be because I'm almost at my debt's?

statute of limitations credit card debt limit?
(and he knows it…. like if I find out I don’t need him in a few months, he would lose out on the fees I’d have to pay him to file bankruptcy?)
The information is online, everywhere — just do a search for it!

http://education.cardhub.com/statute-of-limitations-for-credit-card-debt/

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Posted September 25th, 2011 in Bankruptcy Q and A. Tagged: , , , , .

4 comments:

  1. the kid:

    There is a statute of limitations on how long the CC company can wait to sue you. if it’s approaching, expect they WILL sue you before it comes. THAT’S why he says you should file. Beat the judgment they will surely win.

    September 25th, 2011 at 7:01 pm
  2. hyper-capitalist:

    There is no such thing as a statute of limitations on credit cards debt limits, or whatever you said. Who told you that?

    There are ways to keep old debts on your credit reports forever. All you have to do is sell the debt to another party as the limitations run up, and it will then be on there for another X years.

    If you have been sued and have civil judgments against you, your wages can be garnished, bank accounts can be frozen, ect… depending on the state. In some states, a creditor can foreclose on your home with a judgment lien. None of that will go away unless you file bankruptcy or pay the debt.

    September 25th, 2011 at 7:01 pm
  3. Monte P:

    Personally, I wouldn’t file bankruptcy before I was sued. That makes absolutely no sense at all. Especially if it’s nearing the end of the statute of limitations.

    It’s possible that they may never sue you, and you’d be filing bankruptcy for nothing. Don’t file bankruptcy out of fear that someone may sue you. Wait until they sue you and get a judgement.

    September 25th, 2011 at 7:01 pm
  4. crbesq:

    The statute of limitations shouldn’t make any difference. If he’s done a significant amount of work for you, he gets to keep the fees he’s earned, anyway.

    Nearly all consumer bankruptcy attorneys offer free consultations. Take advantage of this to meet with one and get advice based on all of the details of your particular situation. You can find a referral at NACBA.org (National Association of Consumer Bankruptcy Attorneys).

    September 25th, 2011 at 7:01 pm

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