Remove Debt Consolidation Remove Garnishment Remove Judgment
article thumbnail

Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

While debt is not eliminated , it is significantly reduced. Complete protection from creditors – This includes wage garnishment and debt collection. Classification of obligations – Define the difference between debts incurred with a third party and those incurred with oneself. medical debt .

article thumbnail

Credit Card Debt Forgiveness: What You Need to Know

Credit Corp

Bankruptcy also allows you to avoid wage garnishment in the future. Once a debt is discharged , it’s gone forever. The creditor can’t get a judgment against you or start deducting payments from your wages. Your state may also impose income tax on forgiven debt.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Freedom Debt Relief Sued for Misleading Consumers

Debt Free Colorado

If you have used the services of Freedom Debt Relief, you’ll want to keep an eye on this lawsuit as you may be entitled to damages. If you’re considering hiring Freedom Debt Relief or another debt settlement or debt consolidation provider, perhaps it’s time to reconsider.

article thumbnail

How Much Debt Is Needed to File for Bankruptcy?

Sawin & Shea

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. When Bankruptcy Makes Sense In some situations, bankruptcy provides much more powerful debt relief than any alternative.