Legal Question in Credit and Debt Law in Michigan

I'm unemployed with no unemployment benefits, and have a credit card co. trying to serve me with papers which I haven't answered the door yet. My income for the year was only $3,900.00 but now unemployed.

The credit debt is from 2004 or 05 I owe $7,000.00

Question is what will happen if I accept the papers or if I don't accept the papers. I have absolutely no money to even make payment arrangements.

I'm going thru my second loan modification on our home. Doing everything just to hang on to the house.


Asked on 9/09/09, 11:46 am

1 Answer from Attorneys
Jesse Sweeney Sweeney Law Offices

If you have no income - the loan modification process is a waste of time. That's first. Whether or not you accept the papers, eventually a complaint will be filed against you and they will attempt to garnish your (future) wages, bank account(s) and/or file a judgment lien on any property you may have. Best to deal with it now, and potentially file a bankruptcy if necessary to prevent further or future action.

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Answered on 9/16/09, 11:35 pm


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