Folks frequently come in to talk about bankruptcy and are very concerned that an arrest warrant may be issued as they haven’t paid their debts — either before filing bankruptcy or even after filing for bankruptcy. They have heard about phone calls or emails from debt collectors (or have even gotten those kind of threats) [...]
Creditor Harassment
When credit card debt goes bad, banks sometimes sell it to vulture investors at a steep discount. The vulture debt buyer then often tries to sue on the account to collect more than they paid. And their lawsuits are often the final straw forcing folks bankruptcy, where the debt buyer usually wants a share of [...]
1. Debt collectors are NOT under oath when they are talking to you. There are restrictions on what they can say, but exagerration, saying what might happen if you do not pay, are allowed. 2. They are not trying to help you! They are not trying to work things out, come up with a plan [...]
The Associated Press reports that the Obama Administration wants to legalize the use of “robo calls” – auto dialers and recorded messages – to cell phones by debt collectors seeking to recover student loans and other debts owed to the federal government. Under a proposal included at page 28 of the president’s September, 2011 Jobs [...]
Bankruptcy and identity theft? How can this be an issue if someone is discharging debt? There are debtors who file for bankruptcy protection due to someone having stolen their identity. There are bankruptcy debtors whose identity is stolen and the thief files for bankruptcy. Then, there are those folks who worry about [...]
Bankruptcy might be able to help you get a car back that has been picked up by the Sheriff to sell to pay on a judgment claim, but it would be better not to wait until you see your car (or other property) being taken away to call a lawyer. You might be able to [...]
