Owing money and not being able to\npay for it is bad. Being served a lawsuit is worse than that because it means\ngetting served a legal notice for missing the payment. It can be daunting for\nthose who are crossing roads with the legal system for the first time. Usually,\nthis process starts with a complaint and summons, which includes basic\ninformation regarding the administrative aspects of the suit and some\ninstructions.<\/p>\n\n\n\n
The most important details mentioned here is the return date, that is, the day by which the debtor should take an action or else the creditor will win a judgment against him. At a critical time like this, it is essential to contact a bankruptcy lawyer in Denver who has extensive experience in handling such cases and can help out easily. This article highlights three essential reasons to contact a bankruptcy lawyer<\/a><\/strong> in case of a debt collection lawsuit.<\/p>\n\n\n\n In most cases, people tend to\nignore such summons by trying to avoid responding to the lawsuit. This can be\ndetrimental for a person facing bankruptcy in Denver. If he fails to respond then the\ncollection agency will be awarded a default judgment against the debtor.<\/p>\n\n\n\n That will allow them different new\nways of collecting money, including wage garnishments, appropriating bank\nbalances, etc. Contacting a bankruptcy lawyer at this time can save a debtor a\nlot of headaches as these advocates can help him to respond by making legal\nbriefs called answers. They can draft the answer and do the legal work\nnecessary to file the answer.<\/p>\n\n\n\n A debtor can decide to respond to\nthe lawsuit by challenging the legal right of the creditor to sue. This\nprocedure ensures that the company that owns the debt and is pursuing the\nlawsuit is required to show that they have the authority to sue them.<\/p>\n\n\n\n By this process, an individual can\nforce his creditors to show the documents required to prove the debt either in\nwriting or during a hearing in court. Because of the intricacy of this method\nof answering a lawsuit, it is highly recommended that a bankruptcy lawyer be\ncontacted at this point so as to run this entire proceeding smoothly.<\/p>\n\n\n\n Statutes of Limitations dictates\nthe time that the creditors have in case they want to bring a lawsuit\nconcerning a debt. The rules vary depending on the situation as well as from\nstate to state but usually, the law provides a period of four to six years in\nmost cases and the time starts from the last day the debtor was active on an\naccount.<\/p>\n\n\n\n Activity\nhere refers to any financial transaction like making payments or withdrawing\nfunds from that account. Since this can restart the clock for the debt, it is\nbest to seek legal advice from adroit bankruptcy lawyers in Denver before\nmaking any payment on debt as they know how to keep in check creditors who\ninsist on collecting even a small amount so as to extend the timeline so that\nthey can file a suit later.<\/p>\n\n\n\n Conclusion<\/strong><\/p>\n\n\n\n Whether a person is sued by a credit card company or a debt collector, there are certain situations in which it becomes evitable to declare bankruptcy in Denver<\/a><\/strong> and get proper legal help. Consulting a bankruptcy attorney can help to avoid the small but costly mistakes which can make the lawsuit process lean in favor of the creditor. They can sort out the right way to deal with this process efficiently having in mind the debtor\u2019s best interests.<\/p>\n","protected":false},"excerpt":{"rendered":" Owing money and not being able to pay for it is bad. Being served a lawsuit is worse than that because it means getting served a legal notice for missing the payment. It can be daunting for those who are crossing roads with the legal system for the first time. Usually, this process starts with… Continue reading 3 Reasons to Contact a Lawyer in Debt Collection Lawsuit<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"_links":{"self":[{"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/posts\/388"}],"collection":[{"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/comments?post=388"}],"version-history":[{"count":1,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/posts\/388\/revisions"}],"predecessor-version":[{"id":400,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/posts\/388\/revisions\/400"}],"wp:attachment":[{"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/media?parent=388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/categories?post=388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/tags?post=388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}