Legal Articles, Bankruptcy & Debt

Credit Card Debt After Chapter 7 Bankruptcy: How to Avoid It!

Not everyone who files for Chapter 7 bankruptcy is necessarily guilty of money mismanagement; illness, unemployment, or an accident may have caused their finances to spiral out of control.

Court Judgments Could Mean Pay Garnishment

While some creditors may give you some leeway due to sympathy over a serious life issue, eventually the collections activity will become aggressive. Business is business, and at the end of the day, they want their money.

Private Student Loan Borrowers May Still Be in Their Teens

As student loan debt in the US reaches over $1.5 trillion, lenders continue to fund freshman who may find themselves in such debt once they graduate that they are forced to put off life experiences such as starting families, opening businesses, and more.

Collections Lawsuits, Court Judgments and Debt Collectors: Is the Stress Making You Sick?

Studies have shown that stress over money can lead to serious problems with your health, including depression, anxiety, migraine headaches, and even heart attacks.

Should I Worry About My Valuables Being Taken if a Credit Card Company Sues Me?

If you are sued by a credit card company, you may only have 30 days or less to respond after being served. Working with an attorney in writing a response could be critical to your financial future!

Private Loans Contribute to About $150 Billion in Student Debt Crisis

Without as many choices for repayment to fall back on, such as deferment, forbearance, or income-based plans, private student loan borrowers may fall into delinquency or default simply because they are helpless to move forward.

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.

Legal Articles Additional Disclaimer

Lawyer.com is not a law firm and does not offer legal advice. Content posted on Lawyer.com is the sole responsibility of the person from whom such content originated and is not reviewed or commented on by Lawyer.com. The application of law to any set of facts is a highly specialized skill, practiced by lawyers and often dependent on jurisdiction. Content on the site of a legal nature may or may not be accurate for a particular state or jurisdiction and may largely depend on specific circumstances surrounding individual cases, which may or may not be consistent with your circumstances or may no longer be up-to-date to the extent that laws have changed since posting. Legal articles therefore are for review as general research and for use in helping to gauge a lawyer's expertise on a matter. If you are seeking specific legal advice, Lawyer.com recommends that you contact a lawyer to review your specific issues. See Lawyer.com's full Terms of Use for more information.

Free Help: Use This Form or Call 800-923-0641

Call me for fastest results!
800-923-0641

Free Help: Use This Form or Call 800-923-0641

By submitting this lawyer request, I confirm I have read and agree to the Consent to Receive Email, Phone, Text Messages, Terms of Use, and Privacy Policy. Information provided may not be privileged or confidential.