Roths Child Law

MARCH 15, 2023

They may have too much debt to manage Working up a new budget is an important move after losing one's primary stream of income. They can temporarily delay foreclosure and repossession with an automatic stay and prevent creditor lawsuits from leading to a judgment that might result in wage garnishment later.

Bankruptcy 96

Bankruptcy Repossession Foreclosure Unsecured Debt 96

Troutman Sanders

APRIL 14, 2021

The Second Circuit Court of Appeals recently upheld a ruling that reporting a judgment as “satisfied” was accurate under the Fair Credit Reporting Act (FCRA) when the underlying lawsuit was dismissed by stipulation as “settled” without the prior judgment being vacated.

Judgment 52

Judgment Credit Card Debt Garnishment Collections 52

Troutman Sanders

AUGUST 29, 2023

Palisades Acquisition XVI, LLC , the plaintiff incurred a credit card debt, which was later assigned to a new creditor. In 2007, the new creditor commenced an action to recover the debt and obtained a default judgment against the plaintiff. The default judgment was later assigned to Palisades Acquisition.

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Acquisition Garnishment Judgment Debtor 52

Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old. That new judgment would have its own seven-year reporting period.

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Debt collector Collections Judgment Collection Agencies 98

Roths Child Law

JANUARY 31, 2023

If you are seeking to discharge unsecured debts like medical debts, credit card debts and unsecured loans, then you need to file for Chapter 7 bankruptcy. However, if you are dealing with secured debts like a mortgage or a car loan, then you need to file Chapter for 13 bankruptcy.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Debt Free Colorado

FEBRUARY 21, 2022

It is prohibited for debt collectors to utilize unfair techniques, harass, or deceive consumers while seeking to collect consumer debts under the federal Fair Debt Collection Practices Act (FDCPA). The Fair Debt Collection Practices Act (FDCPA) applies to collection firms and debt collectors attempting to recover consumer debts.

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Debt collector Fair Debt Collection Collection Agencies Collections Agency 98

Sawin & Shea

JANUARY 18, 2023

Filing Chapter 7 bankruptcy provides you with an automatic stay that prohibits creditors from being able to take any action to collect a debt against you, such as repossessions, wage garnishment, and legal action. Additionally, your creditors will not be allowed to contact you.

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Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Unsecured Debt 81

Debt Free Colorado

DECEMBER 9, 2021

Without having to repay it later, you may immediately begin rebuilding your credit. . If you have a large amount of credit card debt or high medical costs that you can’t pay, Chapter 7 may allow you to start again. Chapter 7 is a disaster when it comes to secured debt. . medical debt .

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 75

Credit Corp

AUGUST 31, 2021

But they also know that most borrowers who are sued for old debts won’t show up in court, and the judge will issue a default judgment. If your debt is past the statute of limitations at this point, you can re-open the default judgment and ask the judge to vacate it because it is time-barred.

Debt collector 75

Debt collector Collections Collection Agencies Collections Agency 75

Albuquerque Law

MAY 5, 2020

This is partly what causes military families to hold more debt than civilian families , with roughly 27% of military service members holding nearly $10,000 in credit card debt. Meanwhile, only 16% of civilians hold that much debt.

Repossession 40

Repossession Bankruptcy Credit Card Debt Garnishment 40

Collection Industry News

SEPTEMBER 23, 2020

Default Judgments in Debt Collection Cases. Many consumers who are sued for outstanding debts do nothing, and that is generally a big mistake. The survey data showed that more than 70% of debt collection suits ended in default judgments. Whatever the reason, ignoring a debt collection lawsuit can mean big trouble.

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Collections Debt collector Chapter 13 bankruptcy Chapter 7 bankruptcy 40

Sawin & Shea

SEPTEMBER 28, 2022

For example, if you have been having your wages garnished to pay back a persistent creditor, your employer would be aware that this is no longer necessary since you are in the process of Chapter 7 or Chapter 13 bankruptcy. In rare cases, your repayment plan in Chapter 13 bankruptcy may require your wages to be garnished.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Garnishment 52

Sawin & Shea

SEPTEMBER 20, 2023

Upon filing a Chapter 7, you receive automatic court-oredered protection from creditors and aren’t subject to lawsuits, repossessions, or wage garnishments. We are committed to providing compassionate and non-judgmental representation to all of our clients. From July 2020 to June 2021, there were 15,719 bankruptcies filed in Indiana.

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Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Collection Industry News

JUNE 1, 2023

Rising Consumer Debt Levels: Consumer debt levels have been on the rise globally, driven by factors such as increased access to credit, changing consumer behaviors, and economic factors. This trend presents significant growth opportunities for debt collection agencies.

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Sawin & Shea

SEPTEMBER 27, 2023

The money earned from these sales then goes to the creditors and any remaining balances on the debts are discharged. Debt collectors may also report delinquent accounts to credit bureaus, which can negatively impact your credit score.

Chapter 7 bankruptcy 52

Chapter 7 bankruptcy Bankruptcy Debt collector Debtor 52

Sawin & Shea

MAY 2, 2024

Enter Sawin & Shea, LLC – a firm with over 50 years of combined experience in bankruptcy services, dedicated to providing compassionate and non-judgmental representation to individuals and families in need. Dischargeable debts are those that can be eliminated through bankruptcy.

Bankruptcy 52

Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Public Citizen

OCTOBER 29, 2020

Only when stimulus checks were deposited in families’ bank accounts and garnished by debt collectors did many states realize that they had no state laws to protect a basic amount in a family’s bank account. Weak exemption laws also exacerbate the racial wealth gap.

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Garnishment Debt collector Repossession Credit Card Debt 75