Nexa Collect
JUNE 23, 2023
Collection agency letters can impact debtors, depending on factors such as the debtor’s financial situation, emotional state, and knowledge of their rights and responsibilities. Here are some potential impacts: Stress and Anxiety : Receiving a letter from a collection agency can cause significant stress and anxiety for debtors.
Sawin & Shea
JULY 28, 2021
It’s tempting to believe that filing for bankruptcy is like having a magical wizard wave his wand to make all of your problems disappear. Bankruptcy isn’t rare in the Hoosier state; Indiana has the 7th highest percentage of bankruptcies in the United States, based on population: 22,748 in 2019, or 3.38 per every 1,000 people.
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Credit Corp
FEBRUARY 23, 2024
This guide will teach you how to deal with debt collectors and educate you on the laws relating to outstanding debt. Key Takeaways: Zombie debt arises based on collection agencies. The original lender or collection agency fails to collect within the statute of limitations.
Sawin & Shea
MARCH 27, 2024
Filing for bankruptcy can feel incredibly daunting, especially if you have concerns over whether it may impact your future job prospects. The sad reality is that many people hold misconceptions regarding bankruptcy filers. They believe those declaring bankruptcy are irresponsible or bad with money. What Is Chapter 7 Bankruptcy?
Sawin & Shea
AUGUST 24, 2020
If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. Credit counseling and debt management agencies may be able to assist you as you work, but with so many untrustworthy schemes out there, how do you know what the right step should be?
Sawin & Shea
OCTOBER 5, 2022
The total collective amount of federal and private student debt is around $1.75 According to the Education Data Initiative , 7.8% Federal loans charge high-interest rates, and if you default, the government could sell your loan to a collection agency. Tragically, many of those student loan borrowers have defaulted.
Troutman Sanders
FEBRUARY 13, 2024
On February 8, a New York bankruptcy judge ruled against cryptocurrency exchange Gemini’s claim that it has a secured claim on more than $800 million in Genesis Global Capital assets. Department of Education (ED) announced it approved an additional $4.9 The final settlement required the defendants to pay $10.9 million penalty.
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