How much or how little should I say?

Discussion in 'Bankruptcy' started by Robert Thompson, Mar 14, 2009.

  1. Hello,

    In debt, can't afford to hire a bankruptcy attorney. The creditors are
    calling. Talks preceded by spiel, with "this is an attempt to collect a
    debt and ... and whatever you say may be recorded" ... etc. How much or
    how little should I say under these circumstances?

    Thanks!
     
    Robert Thompson, Mar 14, 2009
    #1
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  2. Robert Thompson

    mugglefuggle Guest

    Why say anything at all? Anything you say might be recorded and used
    to try to prove bankruptcy fraud if you eventually do file.

    The best investment you can make is to get Caller ID.

    Do some research for yourself onliine as to exempt property --
    typically homestead, pensions, IRAs, 401(k)s, annuities, tools of the
    trade, etc. Pre-bankruptcy planning is very important. If the
    creditors can't get anything from you there's little to worry about.
    If in your jurisdiction they can garnishee most of your wages then
    that's the biggest risk -- after foreclosure, car repo and tax debts.

    Good luck
     
    mugglefuggle, Mar 15, 2009
    #2
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  3. Robert Thompson

    MBF Guest

    a little late, but....

    search for a legal services non-profit in your area. some are run by
    universities to give their students practice. the supervising lawyer is
    "your" lawyer.
     
    MBF, Apr 28, 2009
    #3
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