Sued over a debt in Louisiana?

• Attempt to Negotiate a settlement with Wells Fargo before the answer is due. Many consumers recognize they may owe a debt and choose to attempt to settle the debt before an answer is due to the court. Wells Fargo is often receptive to a quick settlement rather than spending more time and money in a lawsuit. Even if they can provide some of the documentation to the court, there is always a chance they could lose.
• Answer the Lawsuit filed by Wells Fargo. Even if a consumer thinks they owe a debt it is still up to Wells Fargo to prove that they own the debt, have the right to file suit, and have enough documentation to prove a debt is owed. They may not be able to successfully produce all required documentation when challenged.
• Do nothing. Many people decide to do nothing for lack of funds or fear of what can happen. Wells Fargo may take a Judgment against them and then ultimately have their bank accounts frozen (Bank Garnishment). Judgments in Louisiana are good for 10 years initially and they carry a minimum interest of 10%. The amount of an unresolved judgment can significantly increase over time.
• Seek bankruptcy protection. Our law firm does help clients file bankruptcy. If you are interested in seeing if bankruptcy is right for you visit our site Louisiana Bankruptcy Attorney

The best time to take care of a lawsuit is NOW. It can potentially get more costly and worse.