When our office got a call from the “IRS,” threatening to “download” our “case for prosecution” unless we called a certain phone number, we hung up on them. Here’s why: Taxpayers Should Be Wary of Unsolicited Calls from the IRS By ConsiderChapter13, on October 8th, 2017 Taxpayers who get an unexpected or unsolicited phone call […]
People are desperate to pay their bills. Every day we see people who have paid lots of money to debt settlement companies that promised to get their debt reduced, paid off at a lower interest rate, or settled for pennies on the dollar — and that money has been COMPLETELY WASTED. What is a Debt […]
Some creditors will do anything to collect money, including outright lie and engage in illegal tricks. These seven situations really happened to my clients. Don’t fall for them if they happen to you! A collector went to our client’s house at midnight, dressed as a policeman, showed a fake badge and tried to get money. A […]
How can my creditor collect from me? A creditor with a judgment can collect using any legal means, including: Liens: A judgment acts as a lien against your real estate, including any deed on which your name appears. Garnishments: Judgment creditors and seize 10%-25% of your wages.
I tried to settle with the creditor and they refused. Is that a defense? No. A creditor is not required to settle a debt, reduce interest, or write it off. I don’t recognize the name of the creditor suing me. Is that a defense? Possibly. You have the right to make the creditor prove that […]
They don’t go away on their own. What if I don’t go to court? If you receive a summons and don’t go to court, you will automatically lose! Your creditor will ask for a “default judgment” against you. Since you are not there to protest, the judge will probably grant your creditor’s request. GAME OVER!
You may think you need to keep a major credit card for emergencies, or you want to pay an unsecured debt because you feel an obligation to a “friendly” lender. The point of bankruptcy is to get you out of the debt and give you a fresh start, free of the credit trap. If you […]