Legal Question in Credit and Debt Law in California

Lost Arbitration (default, no-show) - judgement entered...now what?

I owe $70,000 to credit cards. I have been

ignoring them. I am a single mom, barely

surviving, broke, a renter (even though the

zip code is Beverly Hills), have a car loan

with a break-even payoff. Now what? Is BK

my only option?


Asked on 9/17/06, 1:30 am

2 Answers from Attorneys
Robert F. Cohen Law Office of Robert F. Cohen

Re: Lost Arbitration (default, no-show) - judgement entered...now what?

It sounds like it might be a good option unless your income expands dramatically. Of course, there are certain requirements, and whether you meet them can only be determined after a consultation with a qualified legal professional.

Read more
Answered on 9/17/06, 1:34 am
Carl Starrett Law Offices of Carl H. Starrett II

Re: Lost Arbitration (default, no-show) - judgement entered...now what?

While the situation you describe sounds like you are a good candidate for bankruptcy, it is not necessarily your best or only option. You really should see a local bankruptcy attorney for a more thorough consultation that is provided by this forum.

Read more
Answered on 9/17/06, 1:46 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in California