Category Archives: Debt Collectors and Bankruptcy
Bankruptcy filers have become prime targets for scammers
Scammers are always looking to take advantage of unsuspecting people, and if you are intertwined in a bankruptcy proceeding, you may be a prime target. In several states nationwide, scam artists have been using coercion tactics to get a person involved in bankruptcy to wire money on the spot. There have been numerous reports… Read More »
Can debt collectors go after your retirement savings in court?
Although federal law sets the basis to protect consumers’ assets from creditors, 33 states have also enacted laws to protect borrowers’ retirement savings from aggressive creditors. When it comes to retirement savings, the level of protection will often vary whether the asset is a 401(k) or an IRA. For example, in California a substantial… Read More »
How to Develop Business Credit
A Business is Separate from Its Owners Unless you are a sole proprietorship, you need to demonstrate that your business is separate from the owners. This is especially important for limited liability corporations. An LLC provides business owners with protection from anything business-related affecting their personal assets. By showing a clear separation with your… Read More »
What is the 341 Meeting of the Creditors?
While it is called a creditor meeting, rarely do any creditors show up for this. These hearings often end up being very short and you are just answering questions with the trustee. He or she may have clarifications they need or they may ask for more information regarding assets, liabilities, and your income. Where… Read More »
Get a Fresh Start in 2015 and be Debt Free
The economy is on the rise, but that doesn’t mean thousands of U.S. consumers are not still in debt. Debts can become overwhelming, forcing a consumer to live paycheck to paycheck. As part of your New Year’s Resolutions you may have thought about becoming debt-free. But, getting rid of your debts isn’t always easy…. Read More »
Paying Off Credit Card Debt in West Palm Beach
Credit card debt is the third largest source of household debt in the United States, behind home mortgages and student loan debt. According to recent credit card debt statistics from the Federal Reserve, total credit card debt in the United States for May, 2014 was $872.2 billion, with the average household having credit card… Read More »
Unexpected Medical Bills Can Ruin A Family’s Finances
Medical Bills Are the Biggest Cause of Florida Bankruptcies Unexpected medical bills can bury an average West Palm Beach family and, according to a recent Kaiser Family Foundation report, approximately one-third of Americans report having difficulty paying their medical bills. Medical bills can happen to anyone. About four out of 10 non-elderly adults who… Read More »