SUED BY A DEBT COLLECTOR?

Debt Collection in Minnesota

When you’re served with a debt collection lawsuityou must act immediately to protect your rights. If you ignore the lawsuit, a default judgment will be entered against you and you may have your bank accounts frozen or wages seized. We can help you evaluate the lawsuit and figure out the best way to resolve it. Here are a couple of different ways we can help you do that:

You
get
sued

Settle

The first option you have is to settle. If you can pay a lump sum, you can probably get the creditor to knock a decent chunk of the balance off. If not, they will probably accept smaller monthly payments on the full balance.

Litigate

Another option is to fight the lawsuit. Many collection cases can be defended, especially debt buyer lawsuits. And even if you can’t get the case thrown out, fighting back may result in a great settlement.

Bankruptcy

A third option is to file bankruptcy. Bankruptcy will eliminate most kinds of debt and give you a fresh start. And once you file, all the collection lawsuits must stop.

Settlement might be
right for you if:

  • The debt is relatively small
  • You don’t have any other substantial debts
  • You don’t have any strong defenses
  • You just want the case over as soon as possible

Litigation might be
right for you if:

  • The debt is big enough to
    justify hiring an attorney
  • You don’t have any other
    substantial debts
  • You have strong defenses
    to the lawsuit
  • You are comfortable with
    the uncertainty of litigation

Bankruptcy might be
right for you if:

  • The debt is more than you
    can ever realistically pay back
  • You have a bunch of other debts
  • You don’t have any strong defenses
  • You are also facing foreclosure,
    garnishment, or repossession

OTHER OPTIONS
Depending on your situation, there may be other viable ways to get the suit resolved. We’ve handled over a hundred debt collection lawsuits against all of the major debt collection law firms in Minnesota. We’ll look at the specific facts or your case, as well as your complete financial situation, and recommend the option—or combination of options—that makes the most sense for you.

You
get
sued

Settle

The first option you have is to settle. If you can pay a lump sum, you can probably get the creditor to knock a decent chunk of the balance off. If not, they will probably accept smaller monthly payments on the full balance.

Settlement might be
right for you if:

  • The debt is relatively small
  • You don’t have any other substantial debts
  • You don’t have any strong defenses
  • You just want the case over as soon as possible

Litigate

Another option is to fight the lawsuit. Many collection cases can be defended, especially debt buyer lawsuits. And even if you can’t get the case thrown out, fighting back may result in a great settlement.

Litigation might be
right for you if:

  • The debt is big enough to
    justify hiring an attorney
  • You don’t have any other
    substantial debts
  • You have strong defenses
    to the lawsuit
  • You are comfortable with
    the uncertainty of litigation

Bankruptcy

A third option is to file bankruptcy. Bankruptcy will eliminate most kinds of debt and give you a fresh start. And once you file, all the collection lawsuits must stop.

Bankruptcy might be
right for you if:

  • The debt is more than you
    can ever realistically pay back
  • You have a bunch of other debts
  • You don’t have any strong defenses
  • You are also facing foreclosure,
    garnishment, or repossession

OTHER OPTIONS
Depending on your situation, there may be other viable ways to get the suit resolved. We’ve handled over a hundred debt collection lawsuits against all of the major debt collection law firms in Minnesota. We’ll look at the specific facts or your case, as well as your complete financial situation, and recommend the option—or combination of options—that makes the most sense for you.