Legal Question in Credit and Debt Law in New York

If I am unable to pay my creditors due to loss of employment and have very limited income for bankruptcy what can I do?


Asked on 4/20/11, 12:26 pm

1 Answer from Attorneys
Paula McGill Attorney at Law

If you don't want to file for bankruptcy, try to negotiate with the creditors. If you go that route, make sure you get everything in writing. If they want to take money directly out of your checking account, open up another one to have them withdraw from that account. I've heard horrible stories about companies cleaning out accounts and putting them in overdraft status.

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Answered on 4/22/11, 11:21 am


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