Dothan, Alabama
111 Adris Place
Dothan, AL 36303
(334) 673-0100

How to Stop a Creditor From Filing a Lawsuit Against You - Advice From Experienced Bankruptcy Attorneys August 18, 2015

Dothan, Houston
How to Stop a Creditor From Filing a Lawsuit Against You - Advice From Experienced Bankruptcy Attorneys, Dothan, Alabama

If your bills go unpaid for long enough, creditors have the right to file a lawsuit against you and secure a judgment, which legally compels you to pay. If their lawsuit is successful, the law provides several tools that enable your creditor to collect, including garnishing your wages and obtaining assignment orders. Fortunately, as the bankruptcy attorneys at The Gil Law Firm in Dothan, AL note, there are many steps you can take to stop a creditor's lawsuit:

  • Start negotiating. Many creditors would rather accept a negotiated settlement amount than go through the expense and trouble of a lawsuit. A bankruptcy lawyer will be able to help you negotiate a payment plan or settlement terms that work for you and stop any wage garnishment or foreclosure activity.
  • Understand what's exempt. Just because a creditor has an assignment order doesn't mean they can simply seize your belongings. In most states, many of your personal belongings, public benefits, primary transportation, and much of the equity in your house and car are exempt. An attorney will help you figure out what is legally protected and how to formally claim an exemption.
  • File for bankruptcy. In some cases, you may have no other choice than to file for bankruptcy and get a second financial chance. After taking a careful look at your financial situation, the attorneys at The Gil Law Firm will be able to determine whether bankruptcy is right for you.

Visit their website to learn more or call The Gil Law Firm at (334) 673-0100 to schedule a consultation today.

Other Announcements, Events and Deals from The Gil Law Firm
How to Talk to the Claims Adjuster After a Car Accident Injury, Dothan, Alabama
If you were hurt in a car accident that wasn't your fault, you may have grounds for a personal injury claim. Since insurance adjusters are trained to find even the smallest reason&nb...read more
What’s the Difference Between SSI & SSDI?, Dothan, Alabama
For individuals living with a disability, receiving financial benefits through applicable programs can make all the difference in maintaining a good quality of life. The Social Secur...read more
What Does a Bankruptcy Trustee Do?, Dothan, Alabama
Individuals who file Chapter 7 or Chapter 13 bankruptcy are expected to cooperate with their assigned trustees. This person oversees and represents the estate in question, so it...read more
What Mental Impairments Qualify for SSDI Benefits?, Dothan, Alabama
The Social Security Administration awards disability insurance benefits to individuals suffering from mental disorders as well as physical disabilities. In both cases,...read more
How to Build a Strong Slip & Fall Case, Dothan, Alabama
If you were recently involved in a slip-and-fall accident, you might be interested in filing a personal injury claim. The law protects victims in these cases, but before you can...read more