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What happens when a Texas law firm informs you they are going to file suit for the credit card debt you owe and you cannot make the payments?

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Wiki User
June 11, 2008 12:32PM

All creditors have the option of retaining legal representation to file suit against a debtor for monies owed. Litigation is the last option that a creditor/collector chooses to take as it can be time consuming and expensive with no firm guarantee that the debt will be collected even when a judgment is awarded. Unfortunately, the court does not recognize the inability to pay one's debts regardless of the reason(s) as a viable defense. The best option for the debtor is to do everything possible to reach a settlement with the creditor as that is the only option the debtor has of avoiding a suit if the creditor wishes to pursue legal action.