What is Zombie Debt?

Every day, people buy spreadsheets for huge sums of money. On the spreadsheets: names, phone numbers, sometimes addresses. Creditor names. And dollar figures, supposedly representing an amount known to those creditors. The third-party debt-collection industry buys as many of these spreadsheets as possible, at “pennies on the dollar” price points compared to the amount owed.…

What Happens if I Give My Car Back to the Finance Company?

It’s natural to start looking for options when your car payment turns out to be a little harder to manage than you expected it to be. If you’ve already explored refinancing and have been denied, what is your recourse? You might try to sell the car, but many people in your situation are upside down…

This Letter Template Will Get Debt Collectors Off Your Back

If you’re tired of dealing with a phone that rings off the hook because creditors won’t stop calling you, take heart. You don’t have to put up with it.  You have rights under the Fair Debt Collection Practices Act. If you don’t want to put up with it though, you’re going to have to take…

4 Things to Do Before Paying a Debt Collector

Debt collectors pressure, badger, and browbeat people into paying debts, but that ending up on the phone with one isn’t a sufficient reason to whip out your wallet. In fact, if a debt has gone all the way to collections there are several steps you should take before you pay them a cent. Fail to…

What to Do If You Need to Buy a Car During Your Chapter 13 Bankruptcy

Many people are surprised to learn it’s possible to purchase a vehicle during Chapter 13. Bankruptcy law recognizes that few people can manage their daily lives without some form of transportation. The law also recognizes that your current car may not list throughout the entire two to five year period during which you’d be making…

How Charge-Offs Impact Your Credit

If you’ve been in financial trouble for some time you may have seen the words “charge-off” on your credit report. It’s important for you to understand this term and to know exactly how much impact it’s having on your financial future. You should also know the risks of leaving a charged-off debt unaddressed. You’re Still…

Protecting Your Goshen, NY Home in Bankruptcy

If you have hesitated to file bankruptcy because you’re worried about your home, don’t worry. There are many ways to protect your property during your bankruptcy. The key is choosing the right strategy, which is something our offices can help with. And that starts with evaluating some important aspects of your current situation. The State…

Will Your Life Be Better During Bankruptcy?

Many of our clients are surprised to learn bankruptcy can change their lives for the better. The credit and collections industries treat it like it’s one of the worst tragedies that could ever befall a family. In reality, it’s nothing more than a form of legal relief. It’s built and baked into our economic system.…

Can I Convert My Chapter 13 to a Chapter 7?

While there are a lot of reasons a Chapter 13 bankruptcy may make sense, and there are some real advantages to filing it, it is not the easiest form of bankruptcy. It’s not uncommon to struggle with the process, or even to just grow weary of it. In either case, you might find yourself wondering…

Will Bankruptcy Harm My Co-Signer?

When you’re young and just starting out it can seem like having a co-signer is often necessary to accomplish anything. You need one to get a car and an apartment. It’s common to need them for student loans, too. And when you took out that loan, you had the best of intentions. In your head,…

 
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