@Bankruptcy Lawyer: you are absolutely right. It also goes to show that a radio show host who writes self-help books with admittedly solid basic ideas is still no substitute for individual counsel and a thorough review of your financial situation by an independent adviser.

Attempting to pay off debt after it’s been turned over to collectors, and possibly sold to a few different collectors, may not work, as in my case. Once you start getting sued, you need to start thinking in terms of covering your backside. If they’re taking legal action, you’d better be prepared to get legal protection and representation. Writs of garnishment and seizure can follow judgments quickly, and you won’t know if a collector will go further once they have a judgment against you.

Bookmarked your post over at Blog Bookmarker.com!…