Consumer Financial Services Law

MARCH 15, 2019

A district court in Michigan recently dismissed an FDCPA action, holding that a letter which included a bankruptcy disclaimer was for informational purposes only and did not violate the FDCPA. In those cases, the Sixth Circuit concluded that foreclosure proceedings are debt collection. Fabrizio & Brook, P.C., LEXIS 33450 (E.D.

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Credit Corp

JUNE 14, 2023

Pro tip: Even if a debt has been charged off, consider contacting the original creditor to negotiate a settlement. Since the debt is old and less likely to be paid, the creditor may be willing to accept less than what you owe to consider the matter closed. Chapter 7 bankruptcies may be reported for 10 years from the filing date.

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Better Credit Blog

APRIL 1, 2022

Whatever you’re dealing with, late payments, collections, charge-offs, or foreclosures, the following techniques can clean up your credit quickly. Write a letter to the original creditor or collection agency and ask them to remove the negative entry from your credit history as an act of goodwill. Bankruptcy. Foreclosures.

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BN Lawyers

JANUARY 14, 2019

the defendant initiated non-judicial foreclosure proceedings during the consumer’s thirty-day FDCPA validation period. Trott filed a response opposing the injunction, and just hours prior to the hearing on the motion for the preliminary injunction, Scott filed for Chapter 13 bankruptcy. Trott Law, P.C. ,

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Debt RR

DECEMBER 13, 2019

There are 35 major bankruptcies in 2019 so far, and over two-thirds happened in retail. Negotiating with creditors outside of court saves everybody the time, money, and effort of a civil lawsuit. In the worst case scenario, both people and businesses can file for bankruptcy protection from the court. File for Bankruptcy.

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