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 [...]
Tags: Bankruptcy·court·Credit Score·Debt Settlement·expensive·home mortgage·personal bankruptcy
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. [...]
Tags: Boston Globe·Collectors·consumers·court·debt·debt collectors·debtor's prisons·Fair Debt Collection Practices Act·jail
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 [...]
Tags: being sued·Capital One·collection agencies·court·dismiss without prejudice·encouragement·Midland Funding·proof of debt
I get this question a lot – “I’m being sued by a collection agency – do you know of a good attorney?”. We do present a list of consumer attorneys on our website, but the list is not complete. Consumer attorneys are few and far between and in some states and counties in [...]
Tags: collection agency·Consumer Law·court·Defendant·Find Consumer Attorney·lawsuit
