If you have collections agencies talking contacting you. It should not be taken as a trivial matter especially if you have assets to protect. We have found an article by Huffington Post which describes exactly what the goals of a collection company can be. If you haven’t read this article yet, take some time to read through this article:
This article may be very helpful in informing you of the potential hazards of ignoring debts and collections activity. To summarize, the article illustrates that collections companies are very successful in taking people to court and enforcing collections activities like foreclosures or wage garnishments. Even though it may cost a firm money to file a case and get the court to decide a judgment in favor of the creditor, the cost of litigation is not deterring creditors from suing customers who are behind on payments in order to get their money.
Bankruptcy Law Professionals is a bankruptcy law firm in Southern California with offices in Santa Ana and Riverside to serve the Orange County and Inland Empire regions. Contact us at 855 257-7671 to schedule a consultation with our attorneys.