Submitted by BigEgo954 on Fri, 09/10/2010 - 21:30 Forums Credit repair I got into an accident and got sued bystate farm for 32,000.00 can I still file backruptcy? cinnamngrl you can sit down with a non profit credit counseling agency. NOT one of those scams where they promise to cut your debt in half. http://www.nfcc.org/ this is required by the bankruptcy court and it will help you decide what to do. Log in to post comments Fri, 09/10/2010 - 21:36 Permalink Aaron filing bankruptcy Hi BigEgo, Yes, you can file bankruptcy. However, you can talk to the person representing the state farm and negotiate a settlement on this judgment amount. Settlement lowers the outstanding debt amount by 40-60%. Get the agreement in writing. Thanks, Aaron Log in to post comments Sat, 09/11/2010 - 07:07 Permalink Log in to post comments
cinnamngrl you can sit down with a non profit credit counseling agency. NOT one of those scams where they promise to cut your debt in half. http://www.nfcc.org/ this is required by the bankruptcy court and it will help you decide what to do. Log in to post comments Fri, 09/10/2010 - 21:36 Permalink
Aaron filing bankruptcy Hi BigEgo, Yes, you can file bankruptcy. However, you can talk to the person representing the state farm and negotiate a settlement on this judgment amount. Settlement lowers the outstanding debt amount by 40-60%. Get the agreement in writing. Thanks, Aaron Log in to post comments Sat, 09/11/2010 - 07:07 Permalink
you can sit down with a non profit credit counseling agency. NOT one of those scams where they promise to cut your debt in half.
http://www.nfcc.org/
this is required by the bankruptcy court and it will help you decide what to do.
filing bankruptcy
Hi BigEgo,
Yes, you can file bankruptcy. However, you can talk to the person representing the state farm and negotiate a settlement on this judgment amount. Settlement lowers the outstanding debt amount by 40-60%. Get the agreement in writing.
Thanks,
Aaron