“Dear Steve,
I was one of the victims of the Hess Kennedy scam. I have worked out montly payment plans with the creditors who have contacted me. Now one of them wants the payments to increase. I thought that if you were making payments they would leave you alone. Is this correct? I really don’t want to file for bankruptcy as it would not be fair to the creditors who are working with me.
I am currently employed and live with my parents. I do not own any property except my car. I also have personal loans from my parents and pay room and board.
Thank you,
Christine”
The Answer:
Dear Christine,
I doubt you have the payment offers in writing. Without a written agreement showing what the creditors agreed to it is a “he said, she said” issue. You lose.
Unless the payment you make is mutually agreeable then the creditor can take the payment and still sue you.
I understand your fairness position but there is no reason you can’t go bankrupt, get all your legal protections afforded to you under bankruptcy, and then repay your creditors to honor you personal commitments.
You should really talk to a local bankruptcy attorney. If you want, you can click here to find a local bankruptcy attorney.
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.