I'm not even sure where to post this, but I found it interesting and thought I'd get "ya'all's" take on it.
My lawyer called and said to expect a letter to sign that amends my petition to try to recover funds we paid out to InCharge Debt Solutions for a year and a half before we filed bankruptcy (Ch.7). He said it's standard procedure that they make this attempt, but there are no promises that anything will be recovered. Have any of you had this experience? (There was no extra charge--just their standard operating procedure.)
I got the letter today, and sure enough, it lists InCharge as an account receivable for over 12,000. (We had a TON of wildcard left to exempt, so no worries about it being an asset.)
The company charged 35.00/mo and collected our 1404/mo payment for a year and a half and distributed a portion of it to each of our creditors. I'm assuming there will be nothing to recover, because I *think* all that we sent them (except the 35/mo fee) went to the creditors. I told my lawyer this, and he said that he understood, but it was their policy to at least make an attempt in this sort of situation.
Thoughts? Experience with this?
My lawyer called and said to expect a letter to sign that amends my petition to try to recover funds we paid out to InCharge Debt Solutions for a year and a half before we filed bankruptcy (Ch.7). He said it's standard procedure that they make this attempt, but there are no promises that anything will be recovered. Have any of you had this experience? (There was no extra charge--just their standard operating procedure.)
I got the letter today, and sure enough, it lists InCharge as an account receivable for over 12,000. (We had a TON of wildcard left to exempt, so no worries about it being an asset.)
The company charged 35.00/mo and collected our 1404/mo payment for a year and a half and distributed a portion of it to each of our creditors. I'm assuming there will be nothing to recover, because I *think* all that we sent them (except the 35/mo fee) went to the creditors. I told my lawyer this, and he said that he understood, but it was their policy to at least make an attempt in this sort of situation.
Thoughts? Experience with this?
)--but we had not used a debt settlement company before filing anyway.....
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