Legal Articles, Bankruptcy & Debt
Careless Creditor Paperwork May See Collections Lawsuits Overturned Quickly
While many credit card companies sell their delinquent accounts to debt collections agencies, not every company provides sufficient documentation to the buyer. Without the proper paperwork, a debt collections company usually doesn’t have a leg to stand on in court.
Court Judgments Give Creditors More Options
If a default judgment is granted against you because you did not respond or lost the case in court, your first question may be whether the plaintiff can garnish your wages. In most cases, the answer is yes.
Can I Discharge My Private Student Loans in Bankruptcy? Not Likely!
Student loans continue to push more and more consumers into bankruptcy, but student loans themselves cannot be discharged in most cases, whether privately funded or taken out through the federal government.
Collections Lawsuits: Stop Them Before They Happen
Collectors may be patient for a short time if you have been going through a rough spell after sickness or an accident, but eventually, they want to collect, even if it is much less than they were originally owed.
Student Loan Debt Ten Years Ago Was $600 Billion
If you are having issues paying your student loan debt, review every option available to you before going into default. The repercussions are long-term and can lead to wage garnishing, federal interception of tax refunds, and other major problems.
DIONNE WARWICK’S BANKRUPTCY
Singer Dionne Warwick led bankruptcy in 2013 after several consecutive years of tax troubles that resulted in a $7 million tax bill to the federal government and a $3 million tax bill to the State of California.
MARK TWAIN’S BANKRUPTCY
Here is the lesson to be learned from Mark Twain: Whether you le for bankruptcy or not, your strengths are still your strengths.
Default Judgments Can Make Finances Tight for Younger Debtors Especially
Dealing with bills is challenging to begin with, but you may be completely overwhelmed after being served with a lawsuit or finding that a default judgment has been granted against you if you failed to take proper action.
How Do I Go About Filing A Chapter 7 Or Chapter 13?
How Do I Go About Filing A Chapter 7 Or Chapter 13?
