Posts Tagged 'debt collection'

Should I reaffirm my debt?

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Short answer: Hell no. Reaffirmation agreements are in the best interest of the creditor, not the debtor.

In a reaffirmation agreement, the debtor chooses to become legally obligated again to pay in full the debt which would be discharged in bankruptcy filing. Reaffirmation agreements are voluntary and not required by the Bankruptcy Code or by law. Reaffirmation totally negates the fresh start provided by bankruptcy and most ...

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Four Basic Rules for Dealing with Collection Lawsuits

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We get lots of calls from clients facing debt collection lawsuits and wondering what to do. At least these people are being proactive by contacting a lawyer certified in consumer bankruptcy law. I get the impression that there are lots of debtors facing the threat of lawsuits who are just sitting around stressing out and doing nothing.

Lawsuit threats from creditors can be alarming, but there are ways you ...

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Dealing with a Lawsuit and Judgment in Montana

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The credit card bills keep piling up and piling up and piling up. You fall behind in payments and soon the phone calls start. Then comes the lawsuit, typically initiated by a process server who comes to your home or work and hands you the summons and complaint. At this point you can choose to respond to the compliant or close your eyes and pretend you never saw it (this option will not make the problem go away, it will ...

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