You are sued by a company you never heard of. Somewhere in the papers, it says some debt you may have owed was assigned to the company suing you. A junk debt buyer. A Michigan resident called me last week. He had made a deal with a collection agency to settle a debt on a…
Category Archives: blog
Scams On Saving Your House From Foreclosure
Desperate homeowners facing foreclosure can be easy targets for con artists. They steer their victims away from bankruptcy attorneys: “Don’t ruin your credit!” Just like: “Contact us for free information about the secret the credit card companies don’t want you to know about!” Makes my blood boil. What sounds too good to be true, well,…
How Does Bankruptcy Affect Credit Rating?
Unfortunately, if you are behind on your bills, your credit is already be bad. Bankruptcy will probably not make things any worse. A bankruptcy can appear on your credit record for ten years from the date your case was filed. Bankruptcy discharges out your old debts, you will be in a better position to pay…
What Can You Do To Save Your Home From Foreclosure?
The housing market gets worse, more foreclosures happening, and more foreclosures coming. Household wealth declines, another predictor of increased bankruptcy filings to come. Even the rich and famous are joining in, word is Mel Gibson facing foreclosure on his Malibu, California properties. People are waiting for loan modifications to save their home are forced into…
If I Am Filing Bankruptcy, When Do I Stop Paying Creditors?
You decided you will file bankruptcy, for sure, so when do you stop paying those pesky creditors? Hey, I am a lawyer, so the answer is: it depends. If you are keeping your house, keep paying the mortgage or mortgages. If you are keeping your vehicle, and are current, keep making the lease payments or…
