In these difficult economic times it is no surprise that a booming area of business involves the “debt negotiation” business. We have all heard the radio and TV ads of firms promising to stop credit phone calls, to reveal secret programs that the credit card industry does not want you to know and to settle [...]
March 2009
People frequently bank at the same bank where they borrow, either personally or for their business. When they are thinking about bankruptcy, this is dangerous. Banks or other creditors have the right to set-off debts they have against you against money you have on deposit at their bank. This means that the bank can take [...]
Before you give the equity in your home or car as collateral against a bail bond take a deep breath and realize that the bondsman will take a lien against that asset. What does this mean for you? If the person you just bailed out of jail does not appear in court then the bondsman [...]
At Debt Law Network, I am reviewing Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know”. The purpose of the review is to examine whether Trudeau, who has had extensive involvement with credit card fraud and the Federal Trade Commission for some of his previous books, makes any sense in this latest self-help [...]
The Wisconsin General Assembly and Legislature are thinking about tenants rights in foreclosures. Wouldn’t it be nice if they introduced some legislation to protect homeowners against foreclosure too?
People who co-signed an account and have to file bankruptcy are understandably concerned whether their bankruptcy filing will be reported on the other person’s credit report. The answer to this question is that it won’t. Many times when someone talks with a bankruptcy lawyer, he or she is concerned that an account that was co-signed will [...]
