Category Archives: Debt Collection

The Mortgage Lender Implode-O-Meter

As millions of Americans are losing their homes, often unjustly because they were enticed into programs that have harmed them, at least one Website is gleefully tallying the number of these outrageous lenders that have run into trouble themselves.
The Mortgage Lender Implode-O-Meter has become so recognized that, according to The New York Times, at the […]

Crazy Debt Collector Answering Machine Message

Debt collectors constantly cross the line. They at least work hard to walk right up to the line. There are laws that protect you from inappropriate debt collection, but many of them are complicated and debt collectors are always devising systems that try to harass you while trying to stay barely within the […]

Michael Vick Files For Bankruptcy

You remember Michael Vick? He is the former NFL quarterback who is serving a 23-month prison term for plotting to run an interstate dogfighting ring. On top of that, on July 8, 2008 he filed for Chapter 11 reorganization. According to Bloomberg News, Vick cited debts of $10 million to $50 million […]

There Are Consequences In Failing To Compromise In Bankruptcy

Make no mistake about it.  If you have a disputed claim hanging over your head, sometimes bankruptcy can put you in the driver’s seat.  If you are not the debtor and a defendant in some action filed in bankruptcy, maybe you should think twice about not compromising or settling your case.  Litigation is unpredictable.  Just […]

What Is More Important To You? Saving Money For Retirement Or Paying Off Your Credit Cards?

Trying to make a decision to file bankruptcy is a hard decision.  I grant you that.  It is one that you have to make by yourself.  All lawyers like me can do is give you the best advice possible.  However, I get asked all of the time why someone in a very tight financial situation […]