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 [...]
credit card
Today, I’m going to stand on the shoulders of my colleague Kent Anderson and add to his post on Objecting to Credit Card Claims in Bankruptcy. You want to do this as a Chapter 13 debtor when you are above median or have unprotected assets. In either situation, you want to kick out as many claims [...]
So you have no money. You”ve come to that realization. You’ve sat down and figured out your goals – you know where you want to go. So, what now? If you have nothing to lose, then you have nothing to lose by doing nothing. A valid option that can apply to some people is to [...]
Are you responsible for a credit card supplied and reimbursed by an employer? The answer is often “yes”, which leads to painful complications. You are very likely responsible if you signed the credit card agreement. Another warning sign is if you must pay the bill and then get reimbursed. If it shows up on your credit report, [...]
Often people come to see me who have been working with a debt settlement company but are unable to manage the payments to the debt settlement company or get discouraged with the whole process. How can bankruptcy be better? To be clear, a debt settlement company is an entity that will take your money in [...]
Filing bankruptcy is usually an administrative process. Information is gathered, forms filled out, and there’s a brief hearing conducted by a trustee. But in some cases an “adversary proceeding” occurs. An adversary proceeding is essentially a case within a case. It’s a lawsuit within your case about something related to the bankruptcy case. All this [...]
