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Response to Bankruptcy threat...............how long before I know?????

from M Amos (idgroms@hotmail.com)
Ken,

As I understand it by making monthly payments you have effectively acknowledged the alleged debt. After each acknowledgement the 12 year limitation period starts afresh.It also depends as to whether a money judgment order has been issued, if there has, then the Lender can pursue you indefinitely. If an MJO has been issued it may be that bankruptcy is your best option, however, I am no legal expert, so I would advise you to check this out with one first. Make sure you read the Home Repo guidance notes too. Sorry I haven't better news. Good Luck.

Mark.

(posted 7818 days ago)

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