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Tag Archives: collections

Unemployment – How Soon Can You File Bankruptcy After You Lose Your Job?

An unexpected event such as unemployment is never easy to manage if you don’t have financial reserves to depend on. Even if you do have financial reserves, it is difficult to plan a future around an unemployed situation. Unemployment can occur unexpectedly through a layoff or by getting fired from your job. When this happens Continue Reading

Article: What One Woman Learned Declaring Chapter 7 Bankruptcy

Here’s a great article about a woman who used Chapter 7 bankruptcy to put her finances back on track for the long term future. It is a learning experience that can teach many lessons to those who are in a similar situation. Check out the link below about a brave woman who was dealing with Continue Reading

Collections: What Are Debt Collectors Capable of Doing to Your Future?

If you have collections agencies talking contacting you. It should not be taken as a trivial matter especially if you have assets to protect. We have found an article by Huffington Post which describes exactly what the goals of a collection company can be. If you haven’t read this article yet, take some time to Continue Reading

How Long Does Bankruptcy Take to Stop Collections?

Collections activities make it very difficult to keep your cash in your bank. The most common collections activities are repossessions, wage garnishments, and bank account levies. A wage garnishment occurs when a judgment is ruled against you in court by one of your creditors who, in-turn, initiates a wage garnishment collection activity with the authorities. Continue Reading

Is It Ok to Ignore Your Collection Calls?

If you have past due debt, you may be getting collection calls from the company you owe the debt to or from a collections agent that is working for the creditor. The creditor may also sell the debt to another collections company that has more time to focus on collecting a debt. You may be Continue Reading

Charge-offs and Bankruptcy

On credit reports, some unpaid debts may be noted as “Charged Off” by creditors. This means the the creditor has written this debt off of there books and considered it as bad debt. It does not mean that they cannot continue to collect on the debt. They may continue to contact you about the debt Continue Reading

Debt Collectors Are Not Allowed to Contact You Once You File Bankruptcy

A debt collector is not allowed to contact you when you file for bankruptcy. Before your petition is filed, if you let them know that you have retained Bankruptcy Law Professionals for bankruptcy, it is already illegal for them to contact you. Once they have knowledge that you have retained our law office for bankruptcy Continue Reading

How Much Unsecured Debt Can Be Eliminated in a Bankruptcy?

Bankruptcy is your best solution to eliminate unsecured debt. Unsecured debt is any debt that is not attached to an asset like credit card debt, medical debt, or unsecured loans. We can illustrate further using credit card debt as an example. When you charge something on a credit card debt, the debt you incur is Continue Reading

When Should You File For Bankruptcy?

Are you concerned about when the best time to file for bankruptcy will be? If you have realized that your debt has grown to an unmanageable amount and you are starting to see your resources depleting your savings, retirement money, and income, now is a good time to file. Your savings, retirement money and income Continue Reading