February 1st, 2012 by Reed Allmand 
There are different options available that may help you avoid getting sued but if often depends on your personal situation. If you are able to make payments you may consider debt consolidation, debt settlement or work out an agreement with your creditor that allows you to make smaller payments that may be less than the minimum amount to keep the account in good standing.
Going a certain period without making payment on an outstanding account may increase your chances of getting sued. Your account may get forwarded to a debt collector who may decide to file suit for what is owed. If you have been unable to make payment on several accounts including credit cards, medical bills and other outstanding debt, bankruptcy could be a solution to help improve your situation.
The option to file bankruptcy is often a last resort but if you find yourself being harassed by debt collectors or you receive a summons learning you are being sued, filing bankruptcy may be your best option. Filing can help you gain control of your finances especially if you haven’t been able to make payments on debt obligations.
Upon filing for bankruptcy an automatic stay goes into effect. When you file, creditors receive notification of your filing and this prevents further collection action. Some creditors may continue to try to collect from.you when you file and should be reported to your bankruptcy attorney immediately as it is illegal.
About Reed Allmand
Allmand's vision is rooted in his own financially precarious childhood in Abilene "My father always had difficulty holding a job and supporting our family, so after my parents divorced when I was 12, my sister and I got jobs to help make ends meet," he recalls. "I remember what it felt like as a child to worry that our car would be repossessed or home foreclosed on."
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