BANKRUPTCY BLOG


What are my rights against debt collectors? What are my rights against debt collectors? Creditors typically start their collection efforts with a series of form letters, then graduate to phone calls, and then to repossession or referral to a collection agency or to an attorney for suit. Collection agencies, attorneys, and other third parties that collect debt on behalf of an original creditor are restricted by the Fair Debt Collection Act. Below are some restrictions
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Can co-signers be protected if bankruptcy is filed? Can co-signers be protected if bankruptcy is filed? Yes. The filing of bankruptcy creates an “Automatic Stay” in favor of the debtor and any co- signers or guarantors of the debtor’s bills. In order to protect the co-signer after the filing of bankruptcy, the debtor will have to “reaffirm” or keep paying the debt in a Chapter 7 bankruptcy, and agree to pay the debt in full,
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Where is the bankruptcy court? Monroe courthouse From Rayville, Bastrop, Columbia – get on I-20, take the Civic Center exit; go straight to Jackson Street, take a right, pass St. Francis Hospital, it is the very next building on the right. From Ruston – get on I-20, take the Civic Center exit; the exit splits into three lanes – Civic Center, Jackson North, and Jackson South; take the middle exit – Jackson North. This will
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Bankruptcy and Income Tax Debt Many people do not realize that a bankruptcy can discharge (wipe out) certain tax debts. A bankruptcy generally will wipe out an income tax debt, when the following conditions have been met: The due date (usually April 15 of the following year) for the tax debt is over three years old The tax return for that particular tax debt has been filed over two years ago. The tax has been
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Student Loan Issues Student loans can be divided into Federal and Private Student Loans. Federal Student Loans are made through the Direct Loan program and the Federal Family Education Loan program (FFEL). The Direct Loan program was created in 1993, and the FFEL program was created in 1992. Direct Loans are loans directly from the federal government to the student. Lenders and guaranty agencies are cut out of process. FFEL loans are provided by private
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