[summo]

I recently received a summons to appear for a pretrial conference on June 6th. Chase is suing me for two combined accounts of roughly 3,193.29 I certainly don't have that kind of money and also owe to two other creditors as well. I need to know what I should do, do I wait and go to the pretrial conference and see what the outcome is, what would the outcome be? Or file for bankruptcy?? I don't have any money for an attorney, I'm just somebody who got head over heals in debt and am now screwed. Help! :confused:

[Clough]

I have dealt with Chase on a couple of occasions. Have you tried calling them? You might be able to at least pay what you owe in arrears to avoid the court action for the whole amount. I have done that. They aren't as hard to work with like some credit card companies can be.

[George_1950]

Bankruptcy is an option, as well as a "consent agreement" or "consent order" under which you pay Chase each month. Bankruptcy offers a consumer a choice: Chapter 7 or Chapter 13. There are several factors to consider: your debt, budget, income, and your state's exemptions. If you lack money to repay a debt, it doesn't matter whether the debt is $3k or $300k; so Chapter 7 may work best. If you can afford to repay $100 per month and have regular income, Chapter 13 may be your best option, keeping in mind that a Chapter 13 must be completed by 60 months. And, you cannot borrow during the Chapter 13 without permission of the Trustee and the court.

[Clough]

I agree that bankruptcy is an option. But, I would like to see someone explore every other opportunity to be right financially before considering it. I have been so close to filing for it so many times...

[summo]

I don't have the money to repay though. Not even 100 dollars, should I even go to the hearing... or just file bankruptcy? I have other creditors that I owe to and don't want to have to pay all of them, since there not sueing me just chase is for the two accounts that I have with them. I have 3 others that I owe to... I have around 6,000.00 in debt roughly. The bankruptcy doesn't wipe you clean anymore you would have to repay all outstanding debt. Not just the 4 grand that I owe chase. I am still confused.. . what would happen in the conference? Are they going to get there money? or am I possibly judgement proof?

[George_1950]

You will need to read your notice of pretrial conference. Did you file an answer? The pretrial conference is likely an opportunity for the court to see whether your case is ready to go to trial; the next notice is likely a trial notice. As for a bankruptcy filing, you can't pick your creditors; you must list all of them. Chapter 7 would discharge your debts, but you have to make an arrangement with creditors that helped you purchase some kind of furnishings or other property; or else surrender the property to the creditor.

[summo]

They picked the court date for me for the pretrial conference, its already set up... but I don't want to go to trial... im hoping to settle out of court or to be let go free... lol. I don't have any property or furnishings boughten with the credit just food mabey clothes.