Regular Contributor
Posts: 172
Registered: ‎03-07-2007
Re: lawyers and CO
If they obtain a judgment against you, they will be able to garnish your wages (taking between 25-50 percent of each paycheck depending on what your state laws permit); also, that $8,000 debt could easily turn into more than $10,000 (with attorneys fees and court costs).  You are better off trying to get a deferment or forebearance on your student loan, than playing hard ball and hoping for a judge to bail you out if you get in trouble, IMHO.