Bankruptcy Basics

06 May What Can You Do About a Judgment Lien from an Out-of-Business Creditor

What can you do about a judgment lien filed against you by a creditor or debt buyer that is now out of business? Law firms like Mann, Bracken that have closed down, filed bankruptcy themselves, or otherwise disappeared still appear as judgment creditors on thousands of credit reports.  In many cases, you may have legitimate grounds to challenge these judgments:
  • bad service
  • insufficient documentation
  • incorrect identity
In other cases you may be willing to offer money to settle the outstanding debt so that the judgment will be removed from your credit report.
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05 Mar Truth or Consequences: The Department of Justice in Bankruptcy Court (updated for 2016)

As our readers may recall, over the years, the members of this network have reported on various celebrity bankruptcy filings and the need for absolute truth in a debtor's pleadings. Carmen Dellutri posted about Stephen Baldwin back in 2009. Kevin Gipson posted about celebrities and bankruptcy. Dana Wilkinson posted...

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28 Feb The Superpower Of NO!

NO!Wow, you mean I will receive superpowers when I file bankruptcy?  Well, kind of, sort of but technically... no.  What bankruptcy will do is give you back up when you want to say NO to any family members or friends who continue to ask for money. You know what I am talking about.  Your kids or adult children, parents, or friends who continue to hound you about money, and you just can't say no to them. You try to say no, you know you should say no, but you just can't bring yourself to say the word, no.  Why is that?  Throughout the years, I have discovered my clients feel incredibly guilty when saying no to just about anyone.
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