I bought two dirtbikes and then lost my job. They came and got them and I recently got a call from a law office saying that I needed to pay. I told him that they came and took and I didn’t have a job. They can take me to court but I still can’t pay them. Should I file for chapter 7 and just start new again? Or this some kind of way to scare people and to make them pay. I do want to pay them back but it’e been hard finding a job. I use to be a wholesale rep in the mortgage industry. Any advice?
The account was sent to a law firm. What can they do to me at this point. I went back to school to earn a MBA but I am not working.
The guy who I talk said that it could be 2,000 or 4,000. Think they got what they sold them for. The guy wasn’t really sure.
If they repossessed the property, all you really owe is whatever the sales price was vs. what they are able to recoup on the resale of the items. I don’t think it’s worth filing a bankruptcy over. What is the actual amount they are seeking? They can’t tell you that you owe the full amount AND also have the items in question. You will owe the difference plus the collection fees.
July 29th, 2010 at 9:25 pm
check ur question titel dude….u want to take advice in law matter not in accounts..
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July 29th, 2010 at 10:03 pm
If they repossessed the property, all you really owe is whatever the sales price was vs. what they are able to recoup on the resale of the items. I don’t think it’s worth filing a bankruptcy over. What is the actual amount they are seeking? They can’t tell you that you owe the full amount AND also have the items in question. You will owe the difference plus the collection fees.
References :