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Will a Bankruptcy Trustee Contact My Employer?

Sawin & Shea

A common question that people have about the filing process is, “Will a bankruptcy trustee contact my employer?” Additionally, you’re under no obligation to inform your employer about your bankruptcy, so when wondering will a bankruptcy trustee contact my employer, in most cases, the answer is no. Can I Be Fired for Filing Bankruptcy?

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Can My Stimulus Check Be Garnished for Credit Card Debt?

Credit Corp

But those who are struggling with debt might wonder: Can my stimulus check be garnished for credit card debt or other money owed. In some cases, the money you get from the third stimulus could be garnished. If the child support is a federal or state debt, stimulus money cannot be offset or garnished to cover it.

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What Happens if you Ignore a Debt Collection Agency

Nexa Collect

If you ignore a debt collection agency, several potential consequences could affect your financial well-being and peace of mind: Persistent Contact : Debt collection agencies might persist in attempting to contact you through phone calls, letters, and possibly emails. This can be stressful and disruptive.

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Can a NY Judgment Creditor Garnish PPP or Other CARES Act Funds?

FFGN COLLECT NY

With both consumers and small businesses receiving funds from the Paycheck Protection Program (PPP) and CARES Act, questions have come up as to whether these amounts can be frozen or garnished by debt collectors or creditors. Is garnishing PPP or CARES Act funds an option for satisfying outstanding monies owed to judgment creditors?

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Steps Involved in Recovering Unpaid Student Loans

Nexa Collect

Contact the Borrower : Reach out to the borrower to remind them of the missed payments and to discuss possible solutions. Send Formal Notices : If initial contact doesn’t resolve the issue, send formal notices outlining the amount due and the necessary steps the borrower must take to avoid further consequences.

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Florida Bankruptcy Court Sanctions Debt Buyer for Seeking to Collect Debt that Consumer Failed to Schedule in Bankruptcy Case

Troutman Sanders

However, testimony later showed that the entity listed as holding the debt, Direct Merchants Bank, was not the actual creditor but rather a registered trademark owned by Metris Companies. The same day a hearing was set on the debtor’s motion, the debt buyer filed a voluntary dissolution of its writ of garnishment.

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What Happens if you Ignore Debt Collection Calls

Nexa Collect

If you do not dispute the debt within 30 days of the first contact made to you (through phone or letter or other permissible means), the debt is considered valid, and the debt collector can continue to contact you. Repercussions can include wage garnishment, frozen bank account and other assets.