Legal Question in Credit and Debt Law in Georgia

Associates Asset Management

A few years ago I took out a second loan on a rental property I owned. The property was foreclosed on and the second was not satisfied. I've received a letter from Associates Asset Management asking for payment and threating a law suit. What can I do???


Asked on 2/10/09, 5:17 pm

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Associates Asset Management

The obvious first option is to make arrangements to pay the debt, or a reduced settlement amount (with the a written agreement). Beyond that, you provide no facts or indication of what you are looking for.

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Answered on 2/10/09, 5:31 pm
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: Associates Asset Management

Either pay off the loan or see a lawyer to see what you may be able to do (such as bankruptcy, etc). Wuithout detailed financial information there's no way to make more specific suggestions.

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Answered on 2/10/09, 6:24 pm


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