Debt Collection

Very few people are truly judgment proof.  A creditor’s ability to collect debt is largely dependent on the laws concerning exemptions and debt collection in the state in which the debtor lives.  Exemptions are laws that prevent creditors for seizing… Continue Reading →

If you default on debt then you can usually expect a couple of things to happen.  First, you are going to get many nasty telephone calls and letters from the bill collector.  If the debt is high enough and the… Continue Reading →

I have heard the same story about loan modifications many times.  Homeowners contact me in order to file Chapter 13 bankruptcy and stop foreclosure of their home.  They are behind on their mortgage payments and can’t cure the delinquency in… Continue Reading →

If you miss payments on a credit card, medical bill, or some other type of unsecured debt, chances are good that at some point you will receive an offer to settle the debt for a lump sum.  The settlement offer… Continue Reading →

On July 1 the interest rate on student loans doubled from 3.4% to 6.8%.  This increase equals an average of $2,600 for a student returning to college.  The cost of getting a college education continues to rise as does the… Continue Reading →