You have filed and completed your Chapter 7 or Chapter 13 Bankruptcy case, and finally received your all-important discharge. Unless you have very unusual circumstances, you did not officially reaffirm any of your debts in your case. However, now you have thought about it and you want to pay back a certain pre-petition debt that… Continue Reading
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A Collector Is Trying To Collect A “Charged Off” Debt? Can They Do That?
You have been informed by a creditor that your debt has been “charged off,” or your credit report shows that a debt has been charged off. You believe that this is the end of the matter, but all of a sudden you find out you have been sued for the debt by a debt collector. … Continue Reading
Are You Settling A Debt After Being Sued? Never Ignore Deadlines!
If you have been sued by a creditor or a collection agency on a debt that you owe, one way to resolve it is a settlement. Settlements are generally good for both parties, or at least less painful for both parties. The creditor gets some of the money it is owed, and you hopefully are… Continue Reading
Will I Be Arrested For Not Paying My Student Loans?
In the last few days, a lot of attention has been given to a story about a man in Texas arrested by U.S. Marshals because he did not make his student loan payments, or was in default. The story originated out of the Fox 26 station in Houston. The problem is, the story is not… Continue Reading
Atlanta-Based Debt Collector, Zenith Financial Group, Shuts Down
The Governor’s Office of Consumer Protection recently shut down Zenith Financial Group, a Metro Atlanta-based collection agency. As part of the agreement, Zenith agreed to cease collections on $3.1 in purported debt. Zenith was accused of violating the Georgia Fair Business Practices Act by threatening consumers with arrest or imprisonment and concealing that its collectors… Continue Reading