Legal Question in Credit and Debt Law in Ohio

I owe a company a large enough sum of money that it's likely that they will instruct their collections agency to collect my debt through litigation or arbitration. As I'm on welfare right now, they can't get the money back through confiscating any funds in my bank account since I only have SSI funds in there. I don't have any way to pay them back. What actions could they take to collect my debt?

I don't have much in this world and if they sold all of my stuff, they wouldn't have the full amount repaid. I know that credit collection agencies are often unscrupulous and would rob a pauper, but is it likely that they would sell all of my stuff just to pay the rich people back?


Asked on 10/04/14, 12:52 am

1 Answer from Attorneys
Eric Willison Eric Eastman Willison

In Ohio, if you quite a bit and don't have much money coming in, you sound like you are a pretty good candidate for Chapter 7 bankruptcy. It generally costs about $1,400 or so, but it will wipe out most all of your debts (student loans and taxes survive).

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Answered on 10/21/14, 7:10 pm


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