2007-09-10 15:12:51 · 7 answers · asked by CERNA 1 in Business & Finance ➔ Credit
Yes $15,000 is more than worth it for a collection agency. They will take people to court for as little as a couple hundred dollars.
This is because they can claim court and attorney costs. On 15,000 you can expect that to easily add another few thousand dollars.
2007-09-10 16:42:55 · answer #1 · answered by OC1999 7 · 1⤊ 0⤋
ABSOLUTELY! However if the creditor does not know where the defendant is employed (to place a wage garnishment), the defendant does not own any property (to place a lien on), or the creditor does not have the defendants personal information IE checking account numbers (to do a bank levy), it might not be anything except a civil judgment on paper. BUT I take people to court for a lot less than that!!
2007-09-10 16:50:33 · answer #2 · answered by Amy 5 · 0⤊ 1⤋
Most certainly. Many law firms throughout the nation specialize in these types of suits. They will file hundreds at a time from less than a thousand to large balances such as yours.
Your best bet is to set up a payment plan and/or offer a reasonable settlement to avoid a suit all together.
2007-09-10 16:05:39 · answer #3 · answered by CivPro1 3 · 1⤊ 1⤋
Absolutely. Imagine if 10 people have $15,000 debt and don't pay. Just add it up and see how much you can come up with.
They take you to court for less than $2000
2007-09-10 15:35:40 · answer #4 · answered by Prenn 3 · 1⤊ 1⤋
Well, yeah. If someone owed you 15 thousand dollars, you would take them to court quick.
2007-09-10 15:23:10 · answer #5 · answered by gabby5 2 · 1⤊ 1⤋
Definitely. People go to court every day for much smaller debts.
2007-09-10 16:20:05 · answer #6 · answered by Mike 6 · 1⤊ 0⤋
Certainly. The real question is, is it worth it? Can the debtor pay the debt, even over time?
2007-09-10 15:21:36 · answer #7 · answered by thylawyer 7 · 0⤊ 2⤋