Re: Credit card debt q's?
Drew, it all depends on the state you are in, I am in North Carolina, and this is what I would tell you if you called or came to my office. Unless you have the money to even discuss settlement and making an offer, I have not seen the company agreeing to accept a lower amount over time. Which credit card company makes a difference as well, as some will deal, and some will not. It depends which law firm is handling the case, some will go away after awhile if you can find something to make them do some work and fight them. It also depends of several other things, that are state specific. For intance, in NC, you said this was just against your wife. If that is the case, you could open a bank account in just your name, which will not be able to be collected from, your real property should be exempt if titled in both husband and wife names, you can't levy on a paycheck here in NC, and your wife would have her right to exemptions to cover certain other assets.
That is just a start, and very state specific. I am just below Virginia, and they are different from here, so I would really encourage you to find a local attorney who handles some of these and can at least explain the law to you so you don't do something you could have avoided.
I agree that communication is the key when things get tough, but since the suit has been filed, which you can confirm with your local court house, or the courthouse where the case was filed, I would try it, but don't rely on that working at this point.
I wish I could help you more, and would if I could.
