Tag Archives: credit card debt

Can Chapter 7 Stop Wage Garnishment from Default Credit Cards?
Before some people actually make an appointment for a free consultation their lives are so stressful.  Finances - especially large amounts of debt often force people to make decisions that they know instinctively are wrong, but they make them because of fear and desperation.   Most people juggle their finances robbing Peter to pay Paul for as long as they can.  At some point you  face the inevitable, your financial life is in chaos...
Bankruptcy After MY Divorce
Filing for Bankruptcy was something that I never dreamed would “happen” to me.  I worked hard to pay my bills and seldom even had a late payment.  My husband made a good
salary
.  Life was good. Then one day I found myself in the middle of a messy divorce and
learning
about my soon to be ex-husband’s gambling problem.   I ended up with $15,000 in
credit
card debt (my half) and...
Not All Debt Relief Companies Are Created Equal
I want to make it clear that I have nothing against "Debt Relief Agencies".  Under the right circumstances they perform a service that avoids bankruptcy for many people.  Some of these companies are honest, charge reasonable fees and have a staff that is well trained.  A good example is the YWCA here in El Paso, Texas.  Over the past six months it appears that the...
A NEW EVIL HAS EMERGED – DEBT RELIEF STOREFRONTS
Oh my God, today I spoke with a woman who was considering bankruptcy as a way to get out from under her credit card debt.  She like most people would rather pay off her debts than file for bankruptcy especially when you can wrap your arms around your debt total.  I applaud your ethics and values.  Sometimes, based on how much you owe in credit...
Bankruptcy, The Answer For Your Business?
Have you ever wondered why doctors and lawyers ‘practice' their profession?  I have.  Today you have to be lucky to find a doctor that focuses on ‘healing' and an attorney that focuses on ‘selfless problem solving'.  It has been my experience that the word ‘practice' gives professionals the freedom to make choices that may not best serve our needs.  It's important to sift through the...
Lobbyists Win and Congress Screws Its Constituents
Parties in control of Congress change, politicians that control the parties change, but it appears regardless of which party has the upper hand, the one thing that never changes is the people behind the scenes controlling the show.   The bankruptcy  bill that would give some protection back to the consumer is now stalled in the Senate, on the other hand, provisions that give businesses additional...
Credit After Bankruptcy?
My general rule of thumb is a person will be able to obtain a credit card on reasonable terms after two (2) years of your bankruptcy discharge.  Now you can acquire an FHA loan to buy a house after two (2) years from your bankruptcy discharge. Take time in choosing your new credit card and mortgage because...
Harassing Phone Calls From Creditors Can Be Stopped
A consumer being harassed by ‘Debt Collectors' has significant rights under federal law: including the right to demand that a Creditor stop communicating with you.   Under the "Debt Collection Practices Act", a federal statute, there are two (2) ways to stop those harassing phone calls or for that matter any form of communication to you. 1- To inform the Creditor that you are being represented by...

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