I’m Being Sued But I Want to Avoid Bankruptcy. – LG

“Hi Steve,

I’ve seen your site and thank you for your work.

I need an advice from you regarding my financial situation.I have a debt which would amount to approx.$48k in credit card and a car loan of $13k. There’s a pending a lawsuit for Jan.4 and another on Jan.20. I’m trying to stay away from bankruptcy if I could find someone willing to loan me $55k with a 3% apr which I would be able to pay off in 6 years.

I have a lot in florida which I’m planning to use as collateral which is currently is worth between 19-25k.I’m supposed to be saving it for my son’s education but I have to do this to better our financial situation. If only someone would be willing to lend me that amount I could negotiate a settlement with the credit card companies and at the same time I could pay a monthly of $900-950 for the money I’m going to borrow otherwise which debt settlement companies is best for my situation of should I file for bankruptcy because of the pending lawsuits from 2 of the creditors?

I’m currently working and I would be able to pay the monthly of $900-950 plus I’m putting my florida lot as collateral if only someone would be willing or if you know someone who could help. They can check my workplace to verify my employment otherwise is debt settlement an option or should I do bankruptcy? Please help and thank you again for listening to people like us.


Dear LG,

First, thank you for the kind words. I do care.

No legitimate lender is going to give you a debt consolidation loan in your situation. Not only are you behind but you have recent suits for debt.

So, if you need for this situation to end then bankruptcy is the only legal solution you have that allows you to exert some power over the creditors to stop further lawsuits and end the ones you have already lost.

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If you went the bankruptcy route you’d also get a chance to start rebuilding your credit now rather than waiting years in a monthly payment debt settlement approach.

My vote would be for you to click here, find a local bankruptcy attorney you like and go talk to them before you make any decision. I need for you to be as fully informed as possible so you can make the best decision possible about if bankruptcy is right for you.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Damon Day - Pro Debt Coach

2 thoughts on “I’m Being Sued But I Want to Avoid Bankruptcy. – LG”

  1. Hi Steve.Thank you for your response to my questions.Is there any lawyers that you can recommend in Illinois that can help me with my situation? Again,thank you for your help.Are these companies Legal Helpers and Peter Francis Geraci reliable? Let me know. L.G.


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