How much or how little should I say?


Robert Thompson


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?





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




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.

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