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What is debt settlement?
Generally, debt settlement is a process in which a company, individual attorney or law firm negotiates settlements of your debts after you pay a fee and pay into an escrow account for many months or years. Continue reading →
When filing bankruptcy, what property is exempt?
While your exemptions allow you to keep property even in a Chapter 7 case, your exemptions do not make any difference to the right of a mortgage holder or car loan creditor to take the property to cover the debt if you are behind. In a Chapter 13 case, you can keep all of your property if your plan meets the requirements of the bankruptcy law. Continue reading →
If I file bankruptcy, will I lose my car or home?
In most cases, you will not lose your home or car during your bankruptcy case as long as your equity in the property is fully exempt. Continue reading →
I am filing bankruptcy in Ohio, will I lose everything?
If you live in Ohio, you must use the Ohio exemption law. You cannot use the federal exemptions. You should consult a skilled bankruptcy attorney to discuss with you how Ohio exemption laws apply to your individual case. Continue reading →
I am filing a bankruptcy in Kentucky, will I lose everything?
If you live in Kentucky, you may claim the protection of the federal exemption law or the state exemption laws, consult a skilled bankruptcy attorney to determine which exemptions to use. Continue reading →
What is the Fair Debt Collections and Practices Act?
The Fair Debt Collection and Practices Act (FDCPA) prohibits debt collectors from using abusive, deceptive, and unfair debt collection practices. Continue reading →
Can a debt collector sue me or have me arrested?
Many debt collector callers can be very abusive. Most of them get paid on commission. It is important to know that they are not allowed to threaten you. Continue reading →
I have a debt collector calling me, what should I do?
Once you have retained an attorney, you can refer any debt collection calls to your attorney who will handle them for you.
Continue reading →
If my wages are being garnished, what can I do?
There are three main ways to stop the garnishment: negotiate a settlement; negotiate a payment plan; or file bankruptcy. Continue reading →
What are the pros and cons of filing for bankruptcy?
The disadvantages to filing bankruptcy are much fewer than the advantages. Continue reading →