Monthly Archives: July 2018
What Debts are Non-Dischargeable in Bankruptcy?
The biggest benefit of filing bankruptcy is that your debts are discharged, meaning your creditors can never try to collect those debts; in essence the debts are eliminated. However, there are some debts that are unaffected by the bankruptcy discharge. The most popular category of non-dischargeable debts are income taxes owed to the IRS… Read More »
Bluffing your Creditors? Debt Settlement Ain’t Poker
In poker, people sometimes bluff when they have a bad hand, hoping the other players can’t read the truth and will surrender the chips they’ve already played although they have the better hand. In settling debt, bluffing rarely works because most of the time the borrower lacks leverage, and bluffing can seriously backfire on… Read More »
You may be able to Sue your Creditor for being too Aggressive in Collecting its Debt
As of March 2018, the United States Federal Reserve shows that there is over $3.8 trillion of consumer credit outstanding! Although failing to pay your Visa® bill (regardless of how much) will have virtually no impact on whether Visa® survives as a company, I think we can all agree that there is a TON of debt… Read More »