Legal Question in Business Law in Colorado

Litigation likely?

I understand that collection agencies threaten litigation, but for a company with basically no assets and an individual with few assets outside of an inexpensive car, what is the likelihood of litigation for a $10k sum? I presume also that the recommendation for litigation would come after an asset search (which would turn up little), or should I make a point to include that in any discussion with the collector?


Asked on 4/13/06, 6:29 am

1 Answer from Attorneys
James Jenkins Jenkins Law Center PLC

Re: Litigation likely?

We cannot say how likely it is that a company will sue you. Collection agencies do not sue, attorneys do. They do not always warn you before filing a suit.

For a referral to an attorney who handles debtor controversies, try Mark Atchley in Mesa, Arizona and feel free to tell him that I referred you.

Good luck,

James D. Jenkins

P.S. Anything information you reveal to a collection agency can be used to attach your assets if they gain a judgment against you.

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Answered on 4/19/06, 3:02 am


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