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Home > Reader Questions > I’m Working With a Debt Settlement Company But My Creditors are Suing Me. – Jean

I’m Working With a Debt Settlement Company But My Creditors are Suing Me. – Jean

I am dealing with a debt settlement company for 13 months and I had 12 credit card debts and now the higher ones are coming and suing me. The settlement company says that I am on my own and I also have a joint consolidation Home Re-Equity loan with my cousin and I do not want to get her involved and would like to keep this loan out of the filing of bankruptcy. Can this happen? I do not want to have these credit card company’s start holding my checking account hostage and then I will not have anything and will fall farther into debt. Please help!

“If I would file for bankruptcy, can I hold back a joint account and not file a chapter 13 for this account”?

Jean

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Im Working With a Debt Settlement Company But My Creditors are Suing Me.   Jean
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Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Lewis Roberts

    You can’t “keep a loan out of the bankruptcy”. Everything needs to be listed, but that does not mean you are giving everything up. You can still decide to pay on the equity line so that your cousin’s credit does not get hurt.

    If you are considering chapter 13, then your joint account will not be taken. But you may have to account for your portion of the funds in how much you have to pay back creditors.

    You should go to a bankruptcy attorney in your area for a consultation – they are usually free.

  • Lewis Roberts

    You can’t “keep a loan out of the bankruptcy”. Everything needs to be listed, but that does not mean you are giving everything up. You can still decide to pay on the equity line so that your cousin’s credit does not get hurt.

    If you are considering chapter 13, then your joint account will not be taken. But you may have to account for your portion of the funds in how much you have to pay back creditors.

    You should go to a bankruptcy attorney in your area for a consultation – they are usually free.

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