Legal Question in Credit and Debt Law in Indiana

Collection

Many years ago I purchased some investment properties with a partner in Indiana. Partner dies and I find out I have worthless properties and the mortgages have not been paid. Two years ago I lost the last one to foreclosure. I owed about $23K at the time of foreclosure. After selling the property the remaining balance is $16K. They have a judgement for the defiencey. Today I got a copy of a questionier that they sent to a local sporting goods store asking questions about my wages and garnishments..it was an official court document. I do not work there nor have I ever worked there. This has brought great embarresment to me since I live in a very small community and everyone knows everybody. Do I have any recourse?


Asked on 11/21/07, 7:42 pm

1 Answer from Attorneys
Martin Hancock MARTIN HANCOCK

Re: Collection

No, they are permitted to talk about your situtation. But you would be an excellent candidate for a chapter 7 bankruptcy. It would discharge the deficiency judgment and all your unsecured debt.

For more information on bankruptcy, check out my website at www.mh-in.com/bankruptcy.html and click on the FAQs. I do offer a free initial consultation and payment programs, so feel free to call me anytime.

Thanks

Martin

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Answered on 11/21/07, 8:19 pm


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