Debt Collection

Debt Consolidation vs. Debt Settlement vs. Bankruptcy? What Can You Expect from Each and Which Optio

When facing mounting debts that cannot be repaid according to the regular monthly terms, one should consider all options for debt...

My Bank Account was Levied—What Now?...

My Bank Account was Levied—What Now? How to Stop Bank Levies and Have Levied Funds Returned to You by Filing for Bankruptcy Protection....

Defaulted SBA Loans:

How SBA Loans Differ from other Forms of Credit when it comes to Collection, Personal Guarantees and Discharging SBA Loans in Bankruptcy...

File Bankruptcy to Protect Your Wages and Other Earnings from Garnishment

From the moment that a bankruptcy petition is filed, the “automatic stay” is invoked and this automatic stay of legal proceedings affords...

Received a 1099-Misc on Cancelled Debt? You May Qualify for Exclusion from Taxes if You Were Insolve

Generally, when a debt is owed and at least $600 of the debt is canceled, forgiven or settled for less than the full amount owed, this...

The Fair Debt Collection Practices Act and How It Protects You

The Fair Debt Collection Practices Act (“FDCPA”) is pro-consumer legislation that was originally enacted in 1978 for the purpose of...

Received a Form 1099-C on Foreclosed Home? You May Qualify for the Mortgage Forgiveness Exclusion to

If you receive a Form 1099-C reporting ‘debt cancellation’ income after a home foreclosure, you may qualify for the Mortgage Forgiveness...

Collection on the Judgment – What to Know if You Are Facing a Wage Garnishment

A frequent impetus for a Chapter 7 or Chapter 13 consumer bankruptcy filing is when a person is being actively collected on—usually in...

You’ve Just Been Served with a Lawsuit, Now What?

It’s common for people who have consumer debts such as credit cards and medical bills to be sued and have judgments entered against them...