Clients often think that when a debt is “charged off” it means that they don’t owe it. This is not true.
When you fall seriously behind on your payments, usually 6 months worth, the creditor will normally charge off the debt. This simply means that the creditor thinks the debt is uncollectable for tax purposes. This [...]

I am currently involved in a negotiation with a collection agency regarding my client’s debt with a large credit card issuer.  My client owes about $60,000 and she does not want to file for bankruptcy.   My client does not own a house and she works as a consultant, meaning that she can make good money [...]

 In a previous article on this site, IRS Warns Of New Credit Scam Via Phishing Email, Susanne Robicsek discusses a variation on phishing scams.
Phishing, is an attempt to illegally acquire information about you such as your bank account numbers, social security number and passwords.  The e-mail appears to be from a legitimate company such as ebay, [...]

My office has been flooded this week with clients with failed offers in compromise for IRS tax debt. Like most clients, they have been clinging to the hope that there was a solution other than bankruptcy.
The comparison of OIC vs. bankruptcy is neatly laid out in an article by Larry Heinkel in the Florida [...]

If you have suffered from a violation of the Fair Debt Collection Practices Act, chances are that you may have suffered injuries under Pennsylvania’s version of the UCC (Uniform Commercial Code) or Pennsylvania tort (personal injury) law as well.  In this segment, I will discuss invasion of privacy.
 
Invasion of Privacy
Pennsylvania law allows for recovery of [...]

If you are filing a chapter 13 bankruptcy case and have purchased household goods under a “rent to own” contract, you may wonder how to treat this debt in your chapter 13 repayment plan.  Because rent to own contracts typically involve total rental payments amounting to many times the actual value of the items “purchased,” [...]

If you have suffered from a violation of the Fair Debt Collection Practices Act, chances are that you may have suffered injuries under Pennsylvania’s version of the UCC (Uniform Commercial Code) or Pennsylvania tort (personal injury) law as well.  In this segment, I will discuss intentional infliction of emotional distress.
Intentional Infliction of Emotional Distress
Pennsylvania law [...]

Bankruptcy attorneys practicing in the Middle District of Florida, Jacksonville Division received the following email from Chapter 13 Trustee Doug Neway:
“Effective with all cases filed on May 1, 2008 or later: . . . All plans should be calculated using a 10% fee. This change is necessary to insure sufficient fund are collected during the [...]

If you have suffered from a violation of the Fair Debt Collection Practices Act, chances are that you may have suffered injuries under Pennsylvania’s version of the UCC (Uniform Commercial Code) or Pennsylvania tort (personal injury) law as well.  In this segment, I will discuss the Pennsylvania Uniform Commercial Code. 
Pennsylvania Uniform Commercial Code
This could [...]

The Internet is a wonderful place. No matter what the topic, there is an article about it that is dead wrong.
Such is the case with a recent story (in the fullest extent of the word) I read, “When Someone Dies, Who Is Responsible for Paying His Debts?” that appeared here. This story is full of [...]