Full question:
I got into trouble at my old job at Macy's. I was caught stealing product and gave it back and spent jail time for the act. It was the first time I was in trouble with the law. The made me sign a promissary note for restitition for a very large amount of money under the threat of further prosecution because I was suspected of selling some stolen product on ebay. I have no receipts for the products that were sold but they were not stolen. I am currently paying $445 a month to this dept store and since I recently divorced and have 2 small children and cannot afford this huge payment. What is my recourse?
- Category: Debts and Credit
- Date:
- State: Colorado
Answer:
It may be possible to have your debt reduced or discharged through bankruptcy. However, keep in mind that criminal restitution is often not dischargeable in bankruptcy. It’s important to consult with an attorney or a debt counselor to explore your options and understand your rights.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.