It used to be a rare occasion when a consumer was sued on a defaulted debt. Not any more. I’ve recently seen an article in the New York Times about the uptick in debtor lawsuits as a collection method and resulting garnishments. This seems to match what I’ve been hearing from my readers. Most people [...]
Entries Tagged as 'court'
Pay Garnishments Increase in U.S.
April 2nd, 2010 · 1 Comment · I'm being sued!
Tags: complaint·court·debt collectors·defenses·file your answer·garnishment·I'm being sued!·judgment·lawsuits·New York TImes
Seven Things You May Not Know About Bankruptcy
October 5th, 2009 · No Comments · Bankruptcy
Though I rarely recommend bankruptcy (usually because the person does not qualify or the debt is $25K or less), sometimes this is the only route. The laws were rewritten in 2005, and confusion still abounds. Even the rich file bankruptcy. I’ve certainly seen this happen – and it can happen quickly. Even for people who [...]
Tags: Bankruptcy·court·Credit Score·Debt Settlement·expensive·home mortgage·personal bankruptcy
Can You Go to Jail For Not Paying a Debt?
June 24th, 2009 · 24 Comments · Consumer Debt
I can’t tell you how many times I’ve said or written that you can’t go to jail over a debt. In general, no, there are no debtor’s prisons in the U.S. But a little article on debtor abuse in the Boston Globe (please stay alive, OK?) made me sit up and take notice. Apparently, there [...]
Tags: Boston Globe·Collectors·consumers·court·debt·debt collectors·debtor's prisons·Fair Debt Collection Practices Act·jail
Reader’s Win Against Midland Funding
June 2nd, 2009 · 4 Comments · Debt Collection, I'm being sued!
I love these kinds of stories, and I publish them for encouragement and inspiration. Some people are afraid of going up against the machine, especially in legal matters. I want to say this again, you can fight against collection agencies and win in court. Here’s a story posted in our discussion forums: I had to [...]
Tags: being sued·Capital One·collection agencies·court·dismiss without prejudice·encouragement·Midland Funding·proof of debt
