Late Credit Card Payments

[Waylin]

I have couple ot credit cards that I am not able to pay; both companies filed lawsuit, and I received the Summons, and still have time to answer; I do want to pay them, just a bit later, since I lost the job due to company closing, and may be getting new job; what is/are the legal/logical/conventional - or even otherwise way(s) to stale and delay the proceedings in some chronological manner to get/buy more time before the final hearing will be scheduled and thus the judgment will finally be issued, so I can avoid the judgment being issued and possibly settle just before? it would give me time to settle in new job and save; Thank you very much.

[Maynor]

"can now Amex and these two new creditors, after they get the judgment, go possibly back in time and question that sale since it is in the public records?."Probably nothing to worry about there.If you had sold it to a friend for a dollar to keep it safe from creditors, the creditors could probably have gotten the deal reversed.But as long as you sold it to strangers and market price, you're probably OK.The only thing that might give you a problem is if you filed bankruptcy and had previously favored some creditors over others.But that might also not be an issue if many months have gone by.

[Kitt]

To Port: cheers for the reaction; you create: It Is apt to be quite a long time (perhaps decades) until you are able to save up enough money for lenders to actually contemplate deciding. You may be better-off with bankruptcy.I actually want to perform a correct point and spend it down somehow even when it might take me a little longer; what about I notice folks paying down the lenders/charge cards cents about the buck and deciding; when do they/might they actually contemplate settling at-all? Is the fact that feasable in my own situation? I do want to continue with my entire life and opportunities/savings and spend them back what I've to in the place of possess a judgment essentially for 20 years or bankruptcy documents and never having the ability to do something with dark credit history for ten years; Might they take "some form of cost-cents about the buck at-all" despite the view? Thank you.

[Awstin]

Your circumstances is complex, however it the move happened awhile ago, you shouldn't have any problems.Whatis some time ago? Bankruptcy is usually a issue of regional judge exercise. I'd genuinely believe that any move that happened several year-ago likely is okay. Some surfaces might turn that one right down to 180 times (approximately 6 months). If it's newer than that,"Houston, we've an issue".

[moss]

You may get one postponement from the courtroom, perhaps for thirty days, but that is likely to become whatever you get.You curently have a 40k view against you per your past article. The following two are inevitable.Itis apt to be quite a long time (perhaps decades) until you are able to save up enough money for lenders to actually contemplate deciding. You may be better-off with bankruptcy.

[Pelltun]

Thank you adjuster jack; your solution was very useful, before component: "But so long as you offered it to visitors at industry price, you are likely okay"; I would like to clarify: I offered it to my spouse, however for the marketplace price; and although it might appear humorous, where I might appear guilty of anything, there's a really tale behind it, and it's merely a chance:I've separated and remarried 2 yrs before; my present wife (who had been at that time separated in europe, with 8 y.o. son) was in america being an undocumented alien, who visited the states 9 years back with her son, and chose to overstay her credit, and never to come back back again to western europe; she'd some money with her, and was employed in Pennsylvania, NJ; because she didn't have SSN she couldn't start the financial institution bill and unusually she were able to maintain income on her, rather than the lender towards the melody of over 130K, so she'd her cash; she shifted to FL where we achieved, dropped in-love and committed; today as my spouse, and me being US person I began the naturalization procedure on her, about the foundation of relationship; at that time I had been used and performing okay, however the emmigration officials explained in the meeting that my revenue going back 2 yrs - my last 24 months tax statements won't qualify me to recruit my spouse and my step-son!!! and she'll need to return to europe, and begin the procedure from there which might consider DECADES!!!; until we are able to show that me/she's more money to maintain them, they might need to abandon the nation despite the fact that she's my spouse!!!; obviously, I really could not permit that to occur; in those days I had been marketing my rental home available, and that I requested the immigration officials if she'd show them that she possesses home in america that will assist help her and her boy, if it'd be adequate, and also the response was YES; and so I merely offered/moved the property in the selling price to her via QC action, settled the stamps and recording costs,(with no final/name business) and then year is going to do my taxes and statement the purchase of property, and he or she will also do her taxes for that very first time, and certainly will record that she bought the rental property; she was searching for some leases anyways to get her cash, as well as like a possible revenue for himself and boy, who's goint next year to university; her son is extremely useful and certainly will do repairs, preservation etc; she settled me partly money, and partly extended to pay for me by check via her bank account (following the relationship she obtained the SSN and exposed consideration) till it had been compensated in full; we've normal purchase and purchase contract (maintaining the funds individually), with conditions displaying that she settled some cash and also the stability in monthly payments till settled in full; (and that I/she's all of the cancelled checks in the lender like a evidence that she continued paying me regular); after supplying the evidence of action in her title towards the immigration officials, she was given permanent residency status - CENTERED ON THAT; at that period used to do not really understand that I might have difficulties spending charge cards later on, or any monetary problems; I still had the task, I just dropped job several month after that; and so I didn't market the home towards the stranger, however it is just a scenario where "destroy three chickens with one rock", and we accomplished a number of things. The large issue is how can it seem for you, or may seem to lenders seing within the public records that it had been moved from/towards the same title/tackle, and also the public records display "no-sale transfer"; my accountant mentioned that "no-sale transfer" within the public records isn't an issue, since I have may record the selling (and he or she may record purchase)about the tax statements towards the government, that will be more critical compared to region documents...Thank you greatly;

[Omawnakw]

I do not understand the clear answer to that.As Hearst records, it's too much to do using the period of time, the conditions, and just how your area bankruptcy may manage it.Obviously, the longer you postpone bankruptcy (should you proceed that path), the more unlikely that it becomes an issue.

[Sleven]

Hello ajuster port,Is view great for two decades? What part of oneis income may they get?You gave me truly substantial recommend about them of bankruptcy and today I am convinced that I may be better to not document it at-all to save lots of my homestead and simply to progressively repay the CC debts.Thank you in advance.Listener.

[pitney]

I've offered one rental home in March 08, with the profits I reduced various other, prior debt are now able to Amex and both of these fresh lenders, once they obtain the view, proceed perhaps in time and issue that purchase because it is within the public record information?...imagine if there's no further payments quit from that purchase at the moment? Thank you.

[John-paul]

I really doubt that the variety company may be satisfied with cents about the buck once they possess a view that's advantageous to 20 years.A view allows the collection company to take wages and levy bank balances, that they are likely to do occasionally when many annoying, even though curiosity, costs, and expenses proceed to accrue.However, there's no damage for making an offer.And should you choose flourish in creating a offer, have it written down and obtain a published Fulfillment of View whenever you spend the cash. Normally the collection company simply keeps returning for more or pocketing the things they gather after which promoting it again.