We Went Into Program With DebtWave and Ended Up With Johnson Law. – Gary
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“Dear Steve,
My wife went into a program with DebtWave that was turned over to Johnson Law, but the legal papers keep coming. My income is has diminished as I have taken a very low paying job to survive.
If she cannot continue these very large payments, as my low paying job will soon end, and has to declare bankruptcy, will they go after our home? Her debts are not joint, in her name only. We live in California if it matters. My credit rating is still good.
Gary”
Dear Gary,
It sounds like what DebtWave did was to sell you into a debt settlement program with Johnson Law, either out of Nevada or Florida.
Being in a debt settlement program does not a thing to prevent you from being sued, and losing the suit. Bottom line, you are sending money to either DebtWave or Johnson Law instead of your creditors probably.
I would seriously encourage you to consider not making one more payment to either DebtWave or Johnson Law and instead click here to find a local bankruptcy attorney. The bankruptcy page actually lists a couple of California bankruptcy attorneys you might want to contact.
The reason I suggest not wasting one more penny on the current solution is that without an expectation you will have future income there is no chance of you being able to settle debts at all.
Besides, the bankruptcy would terminate the lawsuit and discharge your debt. You can protect your home with bankruptcy and if the debt is in her name alone only she would need to go bankrupt.
Big hug.
P.S. Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
Source: We Went Into Program With DebtWave and Ended Up With Johnson Law. – Gary
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Comments
Comment by Gary Local attorny says a Chapter 7 is the way to go so we will not loose the house. This leaves the wife with $1300 a month payments for 10 years??? My job will end in 30 days or less. Do we have to get divorced [and stay together] to free this to protect our home?? With these payments and me unemployed, the house will be foreclosed.
Steve Rhode Reply:
March 6th, 2010 at 9:50 am
Gary,
If you don’t think you can afford the house together then maybe you need to consider giving the house back to the bank and including that debt in your bankruptcy. I’m not sure how getting divorced would help you to make the house payment.
Steve
Comment by Gary In California, she signs off the house leaving it in my name only.
Steve Rhode Reply:
March 7th, 2010 at 11:10 am
Gary,
But who can afford to continue to pay for the house?
Steve
Comment by Gary She can take a total bankruptcy if she is not associated with any property. Without the 1300 a month payment the house would be no problem, even If I find a very low paying job.
Steve Rhode Reply:
March 7th, 2010 at 9:13 pm
Gary,
Are you under the impression that you’d find some way to keep the house without making the required $1,300 mortgage payment? Your name or her name, someone needs to make the payment.
Steve
Comment by Gary No, I meant that with the 1300 a month payment to the court, she cannot contribute at all to living expenses. It’s all on me. If she could file a complete bankruptcy, we could manage the house, as she could contribute.
Steve Rhode Reply:
March 7th, 2010 at 9:27 pm
Gary,
A property transfer prior to bankruptcy is going to create a problem. Talk to your bankruptcy attorney about this.
Steve
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So much for Johnson Law. Garnishment papers came yesterday.
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Steve Rhode Reply:
February 9th, 2010 at 6:43 pm
Gary,
Click here to find a local bankruptcy attorney to put an end to this mess.
Steve
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