Credit Corp

MARCH 12, 2025

Table of contents: Respond to the lawsuit Make the debt collector prove their case Ways to deescalate Consider defense Options File a motion to compel arbitration Step 1: Respond to the Lawsuit Although it may be tempting, do not ignore the “ Summons and Complaint ” document.

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Troutman Sanders

APRIL 27, 2023

Noting a rise in credit card delinquencies, the Consumer Financial Protection Bureau (CFPB or Bureau) released a new blog post analyzing civil judgments, the final recourse for creditors to collect on unsecured debt. According to the CFPB, civil judgments are “”both common and unevenly distributed.””

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Jimerson Firm

AUGUST 7, 2020

While the traditional common law grounds for the appointment of a receiver remain, the Act also offers additional grounds and provides lenders with valuable options to protect their interests in the commercial property, including the right of receivership after judgment. 714.14, Fla. Conclusion.

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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.

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Sawin & Shea

AUGUST 30, 2023

Chapter 13 Bankruptcy is a Federal Bankruptcy Court-sanctioned debt reorganization plan. You are not allowed to have more than $465,275 of unsecured debt (such as credit card or medical debt) or more than $1,395,875 of secured debt (such as a house, property, or vehicle). Rent that is past due. Personal loans.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Roths Child Law

JULY 26, 2020

It is particularly beneficial for individuals who have a significant amount of unsecured debt, such as credit card balances and medical bills. In Chapter 7, several different types of debts are eligible for discharge. Chapter 7 bankruptcy is a popular option because it only takes a few months to complete.

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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.

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Bankruptcy Chapter 7 bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Sawin & Shea

SEPTEMBER 15, 2021

Like all debts in bankruptcy, an automatic stay is put into place upon filing (the creditors have to leave you alone) for at least a period of time. We are committed to providing compassionate and non-judgmental representation to all of our clients. What’s the catch? Well, you can’t have committed fraud. We are here to help.

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Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Sawin & Shea

SEPTEMBER 15, 2021

Like all debts in bankruptcy, an automatic stay is put into place upon filing (the creditors have to leave you alone) for at least a period of time. We are committed to providing compassionate and non-judgmental representation to all of our clients. What’s the catch? Well, you can’t have committed fraud. We are here to help.

Bankruptcy 52

Bankruptcy Chapter 13 bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Sawin & Shea

SEPTEMBER 20, 2023

There is a special unlimited exemption available for married couples holding real estate as tenants by the entirety as long as there is no joint unsecured debt. We are committed to providing compassionate and non-judgmental representation to all of our clients. We are here to help.

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Chapter 7 bankruptcy Bankruptcy Chapter 13 bankruptcy Unsecured Debt 52

Collection Industry News

MAY 3, 2022

Performance Settlement settled debts without the required consumer authorization and tricked certain consumers into enrolling into its debt-resolution services. If entered by the court, the judgment would ban Performance SLC permanently from debt relief services and ban Crenshaw from debt relief services for five years.

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Debt Free Colorado

MARCH 3, 2023

Those who are no longer able to pay their debts can, however, start over through a legal process. A court judgment that states that a person is not required to pay back some debts is given to those who abide by the bankruptcy laws and are granted a discharge. What Debts are Discharged in Bankruptcy?

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Debt RR

AUGUST 3, 2020

While there might be property debt situations that warrant garnishment, it’s more often used for unsecured debt, or debt that isn’t backed by any collateral. Though the IRS can initiate the garnishment process without court approval, other creditors and debt collectors have different requirements depending on the state.

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Taurus Collect

NOVEMBER 15, 2023

Seek Help from the Financial Ombudsman Service (FOS): If you’re dissatisfied with the response from the FCA, or if the debt collection agency still does not resolve the issue, you can turn to the FOS. The FOS can independently review your complaint and provide a judgment.

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BN Lawyers

MARCH 23, 2020

For an unsecured creditor to obtain a recovery, it would need to engage in a months-long legal process to obtain a judgment that could be halted at any point by a chapter 11 bankruptcy reorganization. Lines of credit and credit cards with available balances are exceptions.

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ABI

JANUARY 10, 2020

4] Debtor’s initial proposed plan was rejected by the judgment creditors because it paid them less than twenty percent on the outstanding debts. The third plan called for a seventy percent distribution to the judgment creditors over nine years, amounting to approximately $96,000.00 per year. [5]

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Roths Child Law

DECEMBER 17, 2021

They also won't care about the practical consequences of getting a lien against your house or a judgment awarding them a garnishment of your future income. It allows you to temporarily halt pending lawsuits and potentially discharge unsecured debt, like your medical bills.

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Troutman Sanders

MAY 2, 2023

On April 26, the CFPB, noting a rise in credit card delinquencies, released a new blog post analyzing civil judgments, the final recourse for creditors to collect on unsecured debt. According to the CFPB, civil judgments are “both common and unevenly distributed.” For more information, click here.

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