Hat tip to my New York colleague, David B. Shaev, for the excellent coverage and honest statements. Finally, the news media gets their information about bankruptcy right!

If a creditor sends a letter to you after your discharge, they may be violating the Bankruptcy Code – even if they include language saying it’s just for informational purposes.
The recent case of In re BIRAKOYE NASSOKO, Case No. 07-11966 (ALG) (SDNY 2009) involved a car lender that sent a consumer a payment demand comtaining [...]

Some bankruptcy lawyers need no introduction, but we’re giving one anyway to Carey Ebert, Ft. Worth bankruptcy lawyer and current President of the National Association of Consumer Bankruptcy Attorneys.  Carey is coming on board as a Contributing Author, and you’ll see her posts here on Bankruptcy Law Network for as long as we can keep [...]

Privacy about our personal lives declines further as credit card companies get more information about us.
Now, in order to increase credit card collections, they are training employees to bond with people, and connect emotionally, to get us to pay them.
As new Federal Reserve Rules, effective next year, restrict some of the abusive practices the credit [...]

No.
A jury in California recently answered that question emphatically, slamming a collection agency being sued under the Fair Debt Collection Practices Act.
In this case, the debt had been paid off already.
These days, debts are sold in batches of thousands and tens of thousands.  Though software makes it easy to “scrub” or clean the records of [...]

As Doug Jacobs notes, Congress has passed significant Credit Card Reform legislation.
The Federal Reserve Board had previously required some reforms, not effective until the summer of 2010.
The Fed rejected requests from Congresspeople to move up that date, so they can still impose retroactive interest rate increases, among other things.
It is unfortunate that the Courts let [...]

I have always said that natural selection worked in such a way that all the nice people ended up in sales and all the nasty people ended up in collections.
Now I find, as occasionally happens, that I am wrong!
Well, not completely.
Nice looking people, young females, of course, are being used by some of the nasty [...]

If you’re dealing with excessive personal debt, and you are considering bankruptcy as a solution, you will have two options: Chapter 7 bankruptcy erases your liability for most debts, so you will not be required to pay them back; Chapter 13 bankruptcy, conversely, allows you to pay your debts over an extended time period (typically [...]