Archive for the ‘Debt Collection Issues’ Category

Should I use a credit card after bankruptcy?

5 April 2013 by jacksonwhite  |  Bankruptcy Effects, Bankruptcy Process, Chapter 11 Bankruptcy, Chapter 12 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit Score, Debt Collection Issues, Filing for Bankruptcy, General Bankruptcy, Types of Debt  |  No Comments

You might be thinking it is a bad idea to have a credit card after bankruptcy.  However, even though credit cards could have been your reason for filing bankruptcy, they are essential to use after this process in order to begin restoring your credit. Lenders, landlords, utility companies, insurance companies, and employers can look at your credit score to determine the amount you will be paying for loans. Since bankruptcy can destroy your credit score, it is necessary for debtors to restore their credit score.  If you don’t have a card, it will be impossible for you to score points. There…

Is it Possible to Stop Wage Garnishment in Arizona?

11 March 2013 by jacksonwhite  |  Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Judgment Creditors  |  No Comments

First, it is important to determine whether the source of your income is garnishable. For example, if your income is from unemployment or social security, your money is protected and you can get the creditor to stop the garnishment and possibly even return the funds. If your income is garnishable, the easiest way to stop wage garnishment is by paying the bill. However, you may not have the means to do so. Many people in Arizona are struggling to pay their bills right now. And when it comes down to feeding your family or paying the credit card bill, many…

Credit Tips after Bankruptcy

20 February 2013 by jacksonwhite  |  Credit Score, Debt Collection Issues, General Bankruptcy, Money Saving Tips, Types of Debt  |  No Comments

Even though bankruptcy will lower your credit score, utilizing these helpful credit tips can aid you in restoring it. Review your credit report.  Know where you currently stand and what direction you are headed.  First, get a copy of your credit reports to ensure there are no errors. Pay bills on time.  Your payment history makes up 35% of your credit score.  Therefore, the simplest way to improve your score is to pay your bills when they are due. Carefully apply for credit.  After your bankruptcy has been discharged, it is wise to open a major credit card account.  It…

Debt Settlement Companies and Bankruptcy

7 December 2012 by jacksonwhite  |  Bankruptcy Process, Debt Collection Issues, Debt Negotiation, Debt Settlement Companies, Filing for Bankruptcy, General Bankruptcy  |  No Comments

When someone is facing hard times financially, they’ll do just about anything to get on top of it, even if it means consulting a debt settlement company. A debt settlement company typically promises to work with your creditors to reduce the amount you owe. A typical debt settlement company charges high fees for their services up front. Even if they can’t reduce your debt, they still get to keep that money. These types of businesses also tend to encourage their clients to stop paying their debts and to stop communicating with their creditors. This is terrible advice. If you stop…

Russell Wasendorf Liquidates all his Assets in Bankruptcy

21 November 2012 by jacksonwhite  |  Arizona Bankruptcy Procedures, Bankruptcy Auction, Bankruptcy Process, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt Collection Issues, Filing for Bankruptcy, General Bankruptcy  |  No Comments

Chief Executive of Peregrine Financial Group Inc., Russell Wasendorf is auctioning off his assets on December 5th to pay back customers and creditors of his failed brokerage. The court-appointed receiver spent nearly 4 months tracking down all of Wasendorf’s possessions, which include antique cars, snowmobiles, construction equipment, office equipment, restaurant equipment, personal furnishings, and 2,100 bottles of wine valued at $100,000. Bankruptcy offers individuals a chance to eliminate their debt by either liquidating all of their assets, like in Wasendorf’s case, or by reorganizing their debt into a manageable payment plan. Since Wasendorf chose to have all of his assets…

Medical Bills are the Leading Cause of Bankruptcy

1 November 2012 by jacksonwhite  |  Bankruptcy Process, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt Collection Issues, Filing for Bankruptcy, General Bankruptcy, Medical Bills  |  No Comments

When most people think of the word bankruptcy, they think of people racking up credit card debt by purchasing unnecessary luxuries that they can’t afford. There may be times where that’s the case, but the typical person filing for bankruptcy is filing because of the medical debt they’ve accumulated. The American Journal of Medicine stated in a 2009 study that medical bills were a main cause in 62 percent of bankruptcy filings. In fact nearly 75 percent of those who file for bankruptcy because of their medical expenses have health insurance. With all of the co-payments and deductibles, a serious…

Debt Collectors use District Attorney Letterheads to Collect

26 October 2012 by jacksonwhite  |  Debt Collection Issues, Debt Negotiation, General Bankruptcy  |  No Comments

Debt collectors have found a new way to target individuals who write bad checks. Generally, when someone writes a bad check it’s an accident, but every so often, someone writes a check with intent to defraud merchants. Collection agencies often have a hard time getting consumers to pay back debt that’s owed to businesses, but now debt collectors have an ally. Collection agencies are working with the District Attorney’s Office by taking bad check cases off of their hands in exchange for using District Attorney Letterheads. These letters state that the consumer must pay back the money they owe plus…

Bankruptcy Attorney Uses Client’s Credit Cards

25 October 2012 by jacksonwhite  |  Arizona Bankruptcy Procedures, Arizona Bankruptcy Rules, Bankruptcy Fraud, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Choosing an Attorney, Discharge Violations, Filing for Bankruptcy, General Bankruptcy, Mistakes  |  No Comments

When a person decides to file for bankruptcy, they trust their attorney to guide them safely through the bankruptcy process and towards a new beginning. Unfortunately for one debtor, bankruptcy attorney Bradley Aubel saw bankruptcy as a chance to help himself instead of his client. Aubel and one of his employees decided to use their clients’ credit cards to make cash advances and to purchase personal goods and then have those debts discharged during bankruptcy. In addition to the cash advances, Aubel would use clients’ tax return information to make fax tax returns for himself in an effort to avoid…

How to Deal with Aggressive Debt Collectors

16 October 2012 by jacksonwhite  |  Debt Collection Issues, Debt Negotiation, General Bankruptcy  |  No Comments

How to Deal with Aggressive Collectors Debt collectors might just be as irritating as telemarketers. Below are several tips on how to deal with debt collectors who call you on a regular basis. Answer the phone call Most debtors have a habit of ignoring their phone when a debt collector calls, but the best way to get rid of debt is to talk with the debt collector. Get details There are a lot of scams out there, so when you answer the phone, verify that the debt collector is a professional one. Find out who they are and how they…

6 Bankruptcy Myths

27 September 2012 by jacksonwhite  |  Bankruptcy Myths, Bankruptcy Process, Credit Score, General Bankruptcy, Mistakes  |  No Comments

Most people don’t know very much about bankruptcy and what’s involved in the process. There have been many myths that have developed throughout the history of bankruptcy. Bankruptcy brings shame. No one will know that you’re filing for bankruptcy unless you tell them. Your case won’t be published in the news like celebrity cases. The only people who will know you’re filing for bankruptcy are the people at the bankruptcy court, and chances are they’re filing for bankruptcy too. You’ll lose your job. The court doesn’t notify your employer of your impending bankruptcy, so it’s like I mentioned above, no…

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