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Not sure what to do about this debt

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    Not sure what to do about this debt

    I am putting together the final parts of my bankruptcy paperwork. One of my debts I am including is from a old credit card debt that back in August was awarded a judgement against me. At the hearing I agreed to pay the "collection/attoney agency" $60 a month to repay this debt. I have the Oct. payment now due, but am planning on filing my bankruptcy the week of Nov. 9 and this debt is included. My questions are:

    1. Should I pay the Oct. payment? If I don't what will the collection agency do?

    2. Do I have to do anything special in my bankruptcy paperwork concerning this debt since it went to a judgement?

    #2
    I think I'd make the Oct. payment. If they don't they may garnish your wages before you file.
    Be certain your lawyer knows about the judgment. For sure, list the orginal creditor, the collection agency and, the lawyer representing the collection agency.

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      #3
      going pro se

      Doing the filing myself, don't have the monies for an attorney.

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        #4
        This is October 15. November 9 is three weeks away. I am tempted to say skip the October payment, if you are going to file this soon. If it was going to be a month or two later then I would say pay it.

        You have to receive official notice of intent to levy against your wages. That usually gives you a week or two.

        Good luck. Keep us posted. Others will chime in with their experiences sooner or later.
        "To go bravely forward is to invite a miracle."

        "Worry is the darkroom where negatives are formed."

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          #5
          Originally posted by AngelinaCat View Post
          You have to receive official notice of intent to levy against your wages. That usually gives you a week or two.
          I don't know what state you're in, but in Georgia, if they were going to garnish you, then you and your employer would be served. The employer has up to 45 days to start with-holding.

          Depending on your state and your relationship with your employer, that might give you an option not to pay if you can't afford it.

          And... just because they have a consent judgement doesn't mean they can automatically garnish. They still have to go back to court with their judgement and file for the garnishment.

          It all takes time......
          All information contained in this post is for informational and amusement purposes only.
          Bankruptcy is a process, not an event.......

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