Being sued by credit card

I received a letter from a law firm on behalf on TD Bank demanding payment of $26,000 before January 3rd. Unfortunately I didn't receive the letter until the evening of January 3rd. I called the law firm the next morning and was told that papers were already signed and being sent for court. What are my options at this point? Can I settle without having to go to court?


Asked 6 months ago in Elora, Ontario
Categories: Debt & Bankruptcy  Small Claims

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Sezar Bune

Answer by Sezar Bune

Not VerifiedOntario lawyer

What you received appears to be a demand letter.  With the assistance of a lawyer, it may be possible to resolve the matter through negotiations. However, it is important to meet with a lawyer to review your situation and discuss your options as soon as possible, particularly before they serve you with a Statement of Claim commencing a lawsuit. After that point, there are important deadlines that must be followed as part of the court process to avoid negative consequences. For example, if you do not respond appropriately, the Court may make an order against you for the full amount being claimed. If you wish to consult us privately to discuss your situation and options in detail, please contact our office at 647-822-5492.

Best,

Sezar



Posted 6 months ago

Please note that this is for informational purposes only and does not constitute legal advice to you. Legal advice pertaining to your particular situation can only be provided by a lawyer who has met with you to obtain all pertinent background information necessary to give you a formal legal opinion. For formal legal advice, hire a lawyer (many give a free first consultation). Contact Sezar Bune, or search the Lawyer Directory.

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