Here is my situation. I have a huge credit card debt. I have just received summons stating that I have been sued by one credit card company (there are several others to whom I owe.). What are my options now?
1. Is there any benefit of defending the debt that I owe? Or should I just let them have default judgement?
2. At this moment, I have practically no income. I don't have any assets except for an old car (2k to the most.). I can't make any payment arrangements.
3. I am graduating this December, and chances are that I shall be offered a job with a good salary.
So please tell me. Is it wise to file a bankruptcy? Would it affect my job opportunities? Does a judgement also effect the job search?
Also as a foreign student, would there be any problems from bankruptcy or judgement?
After judgement, how they will collect debt from me?
Sorry for so many questions. Any help would be highly appreciated.
And yes, I am in Columbus, OH and my job would be in Michigan.
Thanks.

