FAQ

Debt consolidation companies may provide an appropriate solution for your financial issues.  However, creditors are not obligated to accept the amounts they may offer in satisfaction of the accounts outstanding.  Ultimately, if you encounter a creditor that is unwilling to consider their proposal...

When a motor vehicle is repossessed there is still an opportunity to preserve your ownership.  If prior to the scheduled auction you have the financial means to remit a lump-sum payment in satisfaction of the past amount due, plus any late fees assessed, that may cure the issue.  However, some fi...

When leasing you have no ownership interest in the motor vehicle.  So if you are current on your payments and have appropriate insurance coverage you will typically be able to retain the car despite filing for Chapter 7 Bankruptcy protection.  However, if the lease is not affordable, you can alt...

All consumers are entitled to a free Report from each of the three (3) Credit Reporting Agencies, Equifax, Experian and TransUnion, once every twelve (12) months.  Those can be obtained either by phone or on-line. Requests by phone can be made to (877) 322-8228.  However, it will take up to fift...

The cost of representation varies depending upon the services provided.  However, relative to Bankruptcy, Foreclosure Defense and Debt Settlement, most matters are handled for a flat fee that can be quoted by phone. In addition, we offer payment plans in satisfaction of these costs, and equally partner with ClientCredit, which provides legal fee financing options.   

If you are seeking Bankruptcy protection, your spouse is not required to be a co-filing party.  However, if you cohabitate, and they have an income source, they will be required to produce evidence of their earnings in the form of Pay Stubs, Tax Returns, W-2s and 1099s in order for you to effecti...

When you co-sign a loan you are guaranteeing payment.  It does not matter if you are the primary or secondary borrower.  Once you execute the finance agreement you become subject to Joint and Several Liability, which means that upon Default the lender can choose to pursue the primary borrower, th...

If you have previously filed for Bankruptcy protection, and subsequently encounter additional financial issues, the time-frame you must wait to file another case varies depending upon several factors.  In regards to Chapter 7 protection, if you successfully received a Discharge in your original c...

After filing a lawsuit and obtaining a Judgment, which is a Court Order to pay, a creditor has the ability to potentially attach your wages for up to 25% of your net income each pay period until the balance due on account has been satisfied.  Those funds would then be directly deducted from your ...

Bankruptcy should typically be exercised as a measure of last resort.  However, if you lack the financial ability to pay your obligations it may be an appropriate option.  That entails Court ordered protection from your creditors' ability to collect upon the balances due. Relief in a Bankruptcy ...

A common practice among credit card and loan is to sell their default accounts to third party debt purchasers.  This provides the lenders revenue, and the new company can then generate a profit by successfully pursuing the borrowers in collections. Commonly these companies are mistaken for colle...