I got a call yesterday from a client who is dealing with a debt collector. She was surprised when I told her that paying a debt collection company will hurt her credit. You see, using a debt settlement company is worse in many ways than filing bankruptcy. The Fair Debt Collection Practices Act (FDCPA) is…
Debtors who owe money to creditors, run into two types of problems after a bankruptcy is filed, Debt collectors, and financial institutions sometimes fail to send reaffirmation agreements. The second problem is rare; some creditors and debt collectors have no respect for the bankruptcy court. Especially if they are in another country. They may attempt…
Bankruptcy court judges have essentially the same powers as district court judges. Not only do they decide bankruptcy issues but they also decide other issues such as Fair Debt Collection Practices Act (FDCPA) issues or issues which involve the debtor. Adversary lawsuits are lawsuits separate from the bankruptcy. These adversary cases often involve issues of…