Ignoring Credit Card Debt Can Lead To Wage/Bank Account Garnishment

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 [...]

By |2017-12-14T18:41:34+00:00May 1st, 2017|Bankruptcy, Credit and Bankruptcy, Credit Counseling, Credit Tips, Debt Collectors|Comments Off on Ignoring Credit Card Debt Can Lead To Wage/Bank Account Garnishment

How Does The Automatic Stay Help Those Filing for Bankruptcy?

Filing bankruptcy can be an intimidating decision. But, did you know that there are various tools that can protect you during the process? In fact, one of the most beneficial tools for those filing bankruptcy is the automatic stay. The automatic stay is a part of all bankruptcy cases, and it stops all collection actions [...]

By |2017-12-13T02:08:46+00:00September 6th, 2016|After Bankruptcy, Bankruptcy, Chapter 13 Bankruptcy, Debt Collectors|Comments Off on How Does The Automatic Stay Help Those Filing for Bankruptcy?

How Does Bankruptcy Stop Debt Collectors?

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 [...]

By |2018-04-10T10:49:58+00:00December 2nd, 2013|Debt Collectors|Comments Off on How Does Bankruptcy Stop Debt Collectors?

Stopping Collection Attempts from Creditors with Bankruptcy

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 [...]

By |2017-12-13T00:28:12+00:00July 17th, 2013|Debt Collectors|Comments Off on Stopping Collection Attempts from Creditors with Bankruptcy

Understanding Your Rights When Dealing with Debt Collectors and Bankruptcy

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 [...]

By |2018-04-10T10:54:19+00:00June 13th, 2013|Debt Collectors|Comments Off on Understanding Your Rights When Dealing with Debt Collectors and Bankruptcy

I Filed Bankruptcy: Why Are Creditors Still Contacting Me?

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 [...]

By |2017-12-13T00:28:31+00:00March 19th, 2013|Debt Collectors|Comments Off on I Filed Bankruptcy: Why Are Creditors Still Contacting Me?

What Happens When Creditors Try to Collect after My Bankruptcy is Discharged?

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 [...]

By |2017-12-13T00:28:41+00:00February 12th, 2013|Debt Collectors|Comments Off on What Happens When Creditors Try to Collect after My Bankruptcy is Discharged?

Using Bankruptcy to Stop Credit Card Collections

Can Bankruptcy Stop Credit Card Collections? Bankruptcy CAN stop collection attempts from credit card companies that include lawsuits or other forms of legal action. The automatic stay offers protection from collection attempts and stays in place until your case is completed. The stay goes into effect when you file bankruptcy, either Chapter 7 or Chapter [...]

By |2017-12-13T00:28:53+00:00December 4th, 2012|Debt Collectors|Comments Off on Using Bankruptcy to Stop Credit Card Collections

Can I Be Sued by Debt Collectors Before Debt Has Been Verified?

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 [...]

By |2017-12-13T00:29:04+00:00July 16th, 2012|Debt Collectors|Comments Off on Can I Be Sued by Debt Collectors Before Debt Has Been Verified?

Debtor Claims of Multiple Contact Attempts from Creditor after Bankruptcy Filing

A debtor who lives in Florida claims Bank of America continued to make multiple phone calls attempting to collect on outstanding debt after he filed bankruptcy, according to the Huffington Post and the Bankruptcy Law Network.  The issue was recently presented to a Florida bankruptcy judge and the outcome should serve as a warning to [...]

By |2017-12-13T00:29:14+00:00July 5th, 2012|Debt Collectors|Comments Off on Debtor Claims of Multiple Contact Attempts from Creditor after Bankruptcy Filing