Legal Question in Credit and Debt Law in Pennsylvania
credit collections
my business closed over 4 yrs ago with outstanding credit card debt. I am now recieving collection letters & l judgement. Am I liable for this debt. they used my ss# to open accts. because it was a new business. The charges are now over 50,000 and I have no way of paying them
Asked on 1/11/09, 7:36 am
1 Answer from Attorneys
Charles A. Pascal, Jr.
Law Office of Charles A. Pascal, Jr.
Re: credit collections
Hi. Obviously, you should have sought legal advice before a judgment was entered against you. However, you may have some defenses on these debts, and other collection actions. (Such as statute of limitations, which is 4 years.)
Please feel free to email me or call me to give me more details about the various collection actions and the judgment so that I can give you more specific advice.
Answered on 1/11/09, 1:00 pm