Legal Question in Credit and Debt Law in Wisconsin
credit card judgement
i, received a letter of financial disclosure of assets, i need to know what will happen , if i dont fill it out.
1 Answer from Attorneys
Financial Disclosure Requirements After Creditor Granted Judgment for Credit Card Debt
This is serious business, because failure to cooperate and provide required post judgment financial information can lead to an arrest warrant. I cannot give you legal advice in this online forum, but you are badly in need of it. Therefore, you need to consult privately with a lawyer as soon as possible. A bankruptcy filing will often eliminate the obligation to provide financial information, since the financial information provided to creditors in bankruptcy is far more detailed than that requested by the small claims court's financial disclosure forms. Additionally, the process of requesting this information by the creditor is considered a collection activity, and a bankruptcy generally ends all collection activities (in favor of the rights available to the bankruptcy trustee to collect non-exempt assets). Therefore, a speedy bankruptcy filing could solve your problem. Good luck!