I woke up today to find my checking acount with a zero balance, I went to the ATM and could not withdraw funds from my savings accoung. I called up my bank and asked them what was up and they said by court order my funds were frozen and gave me the phone number to the lawfirm.
The amount they are seeking is twice what I have in my accounts, the bank representative said my money is still there - I just need to reach an agreement with the lawfirm to get my funds released otherwise they will need to speak with my bank's lawyers to try to seize the funds.
Do I have any leverage in this situation, I know the agency has already recieved a judgement against me - as can be seen in my credit reports. Do I have to pay the full amount or is there a chance I can settle for a %? Previously they sent an offer to settle at 80% but that was over a year ago. I would rather not go the bankruptcy route (chapter 13), but is that an option or is it too late?
What options do I have?
2006-07-22
03:46:27
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11 answers
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asked by
john_e_gagnon
1
in
Credit