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Credit and Bankruptcy

Allmand Law Firm
February 1, 2011 Credit and Bankruptcy

Four Dangers Of Debt Consolidation

Debt consolidation is a favorite amongst debtors trying to avoid bankruptcyBut there are some hidden dangers in debt consolidation that every debtor should know about: Canceling a card before you have transferred the balance...

Allmand Law Firm
January 18, 2011 Credit and Bankruptcy

We Must Act Now To Stop Prepaid Debit Card Abuse

Sen. Richard J. Durbin is on the campaign trail again, but not for his seat in Congress, the legislator has his sights on the abusive practices of the burgeoning prepaid debit card industry which...

Allmand Law Firm
December 18, 2010 Credit and Bankruptcy

Is Debt Settlement Better For Your FICO Score Than Bankruptcy?

Your FICO Score, Debt Settlement and Bankruptcy As we have mentioned previously, many debtors prefer to go to any lengths to avoid bankruptcy, including going to debt settlement companies to settle their debt for...

Allmand Law Firm
December 11, 2010 Credit and Bankruptcy

Credit Vultures Peddle Desperate Debtor’s Personal Information

You may have seen their commercials or the print advertisements for their debt settlement offers; but what you probably didn't realize is that they aren't offering any services at all but are instead selling...

Allmand Law Firm
November 6, 2010 Credit and Bankruptcy

Are Credit Card Companies Buying Their Way Into Students’ Wallets?

Colleges, alumni associations and related groups were paid $83.5 million in 2009 under agreements with credit card companies, according to a recent Federal Reserve report. Under the credit card agreements, schools and affiliated groups...

Allmand Law Firm
October 31, 2010 Credit and Bankruptcy

Is Your College Aged Child’s Credit Card Habits Jeopardizing Their Job Prospects?

Recent surveys have shown that 60 percent of employers are using credit scores as a means of weeding out new hires. With the job market still slow many employers are receiving more resumes than...

Allmand Law Firm
October 29, 2010 Credit and Bankruptcy

Are Owners Of An LLC Liable For Credit Card Debt In A Business Bankruptcy?

Are You Liable for Credit Card Debt In A Business Bankruptcy? When a Limited Liability Company (LLC) files Chapter 7 bankruptcy generally speaking the owners of the company are not held personally liable for debts...