Sawin & Shea

APRIL 26, 2023

If the creditor has your date of birth and social security number, they may be able to garnish your bank account and apply that money toward your debt balance. If that’s not possible for you, another option is to avoid it through Chapter 7 or Chapter 13 bankruptcy court. Contact us to schedule a free consultation – 317-759-1483.

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Debt Free Colorado

DECEMBER 7, 2016

Chapter 7 bankruptcy may seem intimidating, but as you can tell from the following infographic, the steps that go into successfully completing your case are pretty straightforward. For those of you who may not be able to view the image, the text follows: Chapter 7 Bankruptcy Timeline. 13 bankruptcy. 13 bankruptcy.

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Sawin & Shea

JANUARY 25, 2022

Dealing with debt can be scary and overwhelming, especially if you don’t know what will happen if you miss too many payments and default or have to file bankruptcy. While bankruptcy itself can also be scary, it is often the best option if you have too much debt to get a handle on your financial situation.

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Credit Corp

JUNE 3, 2020

Common methods include wage garnishment , property attachments and property liens. This is known as wage garnishment. The Consumer Credit Protection Act caps these types of garnishments. Nonwage garnishment. If you’re retired, unemployed or self-employed, your bank account may be garnished instead.

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Credit Corp

MAY 30, 2023

This is known as wage garnishment. The Consumer Credit Protection Act caps these types of garnishments. Nonwage garnishment. If you’re retired, unemployed, or self-employed, your bank account may be garnished instead. Veterans payments, social security, and disability benefits are not eligible for nonwage garnishment.

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Credit Corp

MARCH 9, 2021

If it does, you’ll receive a refund offset notice in the mail in advance of the proposed refund garnishment. If you pay your student loan balance before the IRS issues your tax refund, your refund won’t be garnished. To garnish—i.e., To correct errors and make a claim, contact the Department of Education.

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Titan Consulting

JUNE 7, 2020

Benefits include the following: Suspension of Monthly Payments : The US Department of Education automatically suspended payments on outstanding federal student loans. Payment relief includes both direct and FFEL (Federal Family Education Loans) loans and lasts through September 30, 2020. About Titan Consulting Group.

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The Kaplan Group

OCTOBER 19, 2020

Instead, I suggest you do what you can to educate yourself about your options. The United States Trustee Program also keeps a list of credit counseling agencies approved to provide pre-bankruptcy counseling. Garnishment. Garnishments generally require a court order. FDCPA ( Fair Debt Collection Practices Act).

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Taurus Collect

MARCH 5, 2024

Creditors may take legal action to recover the debt, which might result in wage garnishment or a lien against your property. Small business owners who are not proactive in addressing collector calls can find themselves in a quagmire. Legal Actions: Ignoring debt collectors can potentially lead to lawsuits.

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Troutman Sanders

MARCH 4, 2024

The OAG also found that the debt collection law firm illegally continued to pursue consumers for debts that were already paid or partially paid, and sometimes garnished wages for judgments that were completed. billion to Gemini Earn Program (Earn) customers through the Genesis Global Capital, LLC (GCG) bankruptcy proceeding.

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Troutman Sanders

JULY 26, 2021

Resolution plans describe the company’s strategy for rapid and orderly resolution under bankruptcy in the event of material financial distress or failure. According to Attorney General Healey’s press release, this guidance states that “these direct payments are exempt from seizure or garnishment under Massachusetts law.

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Troutman Sanders

APRIL 18, 2022

On April 12, the Consumer Financial Protection Bureau (CFPB) released a blog post titled, “ Busting myths about bankruptcy and private student loans.” In the post, the CFPB argues that certain private education loans can be discharged in bankruptcy. For more information, click here.

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Credit Corp

OCTOBER 31, 2021

Perkins loans may also be discharged in certain situations, including bankruptcy, death, and disability. This program was designed to encourage people to enter the education field. Falling behind on your payments can hurt your credit and may even lead to wage garnishment. Disability. Military-Related Disability.

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Troutman Sanders

FEBRUARY 8, 2021

The summary also outlines the FTC’s business and consumer education efforts on fair lending issues. Senators Tammy Baldwin, Sheldon Whitehouse, Sherrod Brown, Elizabeth Warren, and Richard Blumenthal introduced the Medical Bankruptcy Fairness Act of 2021. The act would reform the current bankruptcy code due to the COVID-19 pandemic.

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