CAN THEY SUE ME?

Las Vegas Bankruptcy Lawyer

Yes, creditors can sue you. But you know what? Even if they threaten to do so, most of the time that’s all it is: threats. Many threats of law suits come from creditors who have no collateral to go after—for unsecured debts. Since most people are afraid of being sued, threatening to sue can be an effective way to get money out of a debtor who otherwise wouldn’t have to pay.

If you find yourself in a tough financial situation contact an experienced Las Vegas Bankruptcy lawyer at the firm of Aaron and Paternoster. We offer free consultation.

But suing someone is expensive and time-consuming and it isn’t a sure thing. Most of the time, suing to recover consumer loans or credit card depts. Just isn’t worth it, particularly if the debtor puts up a defense.

If they do sue, creditors will often withdraw their suit if they see that you are serious about defending against the suit. The time and money involved in lawsuits goes up dramatically if you actively defend yourself.

And even if a creditor does sue you and win, it isn’t the end of the world. All that the creditor gets out of the suit is a court order for you to pay the debt, called a judgment. If you don’t pay, you’re not in contempt of court, or at risk of going to jail, or anything like that.

What happens is that the creditors get the right to do things like garnish your wages (grab a piece of your paycheck), seize some of your property to sell it, or question you to find out more about your assets. So a creditor lawsuit is serious, but it isn’t a major crisis. If you do get sued by a creditor, talk to a Las Vegas Bankruptcy lawyer immediately, call (702) 384-4111. We will be able to help you figure out what to do next, whether through bankruptcy or one of the non bankruptcy options. Simply put, the real question is not "Can they sue?" but "Will they?" And here the answer hinges on whether you have anything they would consider worth going after or not. If not, you are what we call "judgment-proof".

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