Can I be sued while in the process of settling a debt?

Yes, you can be sued while in the process of settling a debt in Nebraska. Debt settlement law in Nebraska makes it possible for creditors to sue a debtor if they don’t make their payments on time or if they fail to reach a debt settlement agreement. If a creditor sues a debtor, the court is likely to award a judgment in favor of the creditor. This judgment allows the creditor to take further legal action, such as issuing a wage garnishment or placing a lien on the debtor’s property. It is important to know that creditors have a right to pursue legal action regardless if the debtor is in the process of settling the debt. It is possible to resolve a debt outside of court, and it is typically the better option for the debtor. A good way to avoid a lawsuit is to contact the creditor to create a fair repayment plan that fits your budget. It is also helpful to understand state laws and consumer protection rights because these laws can provide the necessary leverage to reach a mutually beneficial agreement. In the event of a lawsuit, it is important to take action quickly. The debtor should contact an attorney to help find the best resolution. Most importantly, debtors should understand their rights and take the necessary steps to resolve their debt. This will help avoid costly legal fees, credit damage, and potential long-term financial strain.

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Can I be sued while in the process of settling a debt?

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