This is a scary story from the New York Times. You think zombies are just on bad tv shows and in movies. But it turns out, that there are zombies in real life: zombie debts, at least. Here is the…
Posts Tagged With: bankruptcy
California Debt Blog: FAQ: My debt has been “charged off.” Do I still owe the debt?
Question: My debt has been charged off on my credit report. I read that I do not owe the debt once it is charged off. Do I still owe the debt? A: YES. Is that clear enough? You still owe…
California Debt Blog: 5 MORE MISTAKES YOU MUST AVOID WITH YOUR CREDIT
I previously gave you 5 mistakes to avoid with your credit. So as people are ramping up their holiday shopping, I thought I would share with you 5 more mistakes to avoid with your credit. The difference between good credit…
California Debt Blog: President Obama Cuts Student Loan Debt Collection Commissions
This is exciting news for folks who may be behind on their student loans. President Obama has cut the commission that debt collectors get on student loans. Why does this matter? Student loan debt collectors are some of the most…
California Debt Blog: Talking to an attorney
I have written on the California Personal Injury and Insurance Blog about talking to an attorney after a car accident. But, it is also important to talk to an attorney if you are in debt or receiving calls or letters…
California Debt Blog: Recent Study Shows Chapter 13 Bankruptcy Does Little to Save Homes
Under federal law, there are several types of bankruptcies available to debtors. A Chapter 7 is the most common form of bankruptcy, and involves a process of liquidation. In a Chapter 13 bankruptcy, a debtor does a reorganization and proposes…
California Debt Blog: The Great Bail Out Fraud
I received two emails today from clients asking about the credit card bail out that they read about on the internet or heard about on the radio. Apparently, some folks are advertising about how people who owe more than $10,000…
California Debt Blog: Considering Bankruptcy? Think about these things
From Lesley Hoenig, an attorney in Michigan who handles bankruptcies: Bankruptcy is, of course, something that most people do not want to do if they can help it. But sometimes, you are so deep in the hole, or maybe you…
California Debt Blog: Bankruptcies Higher In Wage Garnishment States
The Associated Press recently studied trends in bankruptcy filings. One thing stood out to them: in states where debt collectors can garnish wages, bankruptcies are sharply higher. Five states, North Carolina, Pennsylvania, South Carolina, Florida and Texas, prohibit or sharply…