What can you lose in a credit card lawsuit? Debt can grow out of control for a variety of reasons. An extended illness, a visit to the ER, or a loss of a job can saddle you with debt you can’t repay overnight. Add to this student loans, unsecured debts and mortgage for more than [...]
What are your options when being sued by a debt collector? Being sued a debt collector or creditor can be stressful and intimidating. If you are facing a creditor lawsuit, don’t despair. Letters and phone calls from collectors may leave you feeling down and like a second rate citizen. You’re not. Some collectors — violating [...]
If I Am Being Sued by a Creditor Can Bankruptcy Get Rid of the Lawsuit? Getting rid of a lawsuit in bankruptcy depends on a few factors. One of the main factors includes determining if the liability associated with it is dischargeable. Sometimes a debtor may receive a lawsuit or learn of being sued and ignore [...]
Debt is a problem that comes with a number of consequences. This includes garnishment of your income or bank account. When financial instability makes it difficult to pay the bills and creates concerns about the future, it can quickly lead to the accumulation of credit card debt. When the problem goes unaddressed, creditors and debt [...]
Debtors looking for relief from constant phone calls and mailings from bill collectors may wonder about how bankruptcy protection works. You may see and hear advertisements on the television and radio about using bankruptcy to stop bill collection activity, but many may not understand how the process works or even realize they may qualify to [...]
Bankruptcy may help stop a number of collection attempts from creditors depending on your situation. Many people have a habit of ignoring or neglecting collection notices from creditors and wait too long to begin the filing process. Meaning in some cases, it may have made sense legally to file sooner to avoid further action being [...]
One of the most common reasons why people file bankruptcy is to stop harassment from debt collectors . Debtors who file for protection should be aware of their rights and how to protect them. With a large number of people struggling during these hard economic times, debt collectors will do whatever it takes to collect [...]
Debtors often expect creditor collection attempts to stop immediately when they file for bankruptcy protection. Sometimes the creditor isn't aware of the filing yet, which explains the collection correspondence you've just received in the mail. But, what if their attempts are still ongoing including phone calls at home, work and even attempts by mail? An [...]
Collection After Bankruptcy When you receive a discharge at the end of your bankruptcy case you are not responsible for paying the debt. A discharge basically extends the protection of the automatic stay that went into effect when you filed your petition. Debts not eligible for discharge may continue to be the responsibility of the [...]
Consumers who are skeptical about debt they are being sued for should have it verified before taking additional steps to get that debt resolved. Since creditors are known to sell debt accounts to collection agencies it is possible to find errors in account data. Such errors may lead to the agency trying to collect on [...]
