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What Can I Keep if I File For Chapter 7 Bankruptcy?

Sawin & Shea

Chapter 7 is also known as liquidation bankruptcy because in exchange for receiving a discharge of most kinds of debts, the debtor has to give up non-exempt assets. Debt collectors have a legal right to pursue the collection of personal debt within the bounds of the law. Debt Collection Laws: What Can Debt Collectors Do?

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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits.

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Why would the New York State Attorney General pursue a Debt collection company?

FFGN COLLECT NY

The role of the Attorney General (AG), head of the Department of Law, is “both the People’s Lawyer and the state’s chief legal officer…serves as the guardian of the legal rights of the people of New York, its organizations, and its natural resources.”