Category Archives for "Debt Collection"

Jun 29

Timing of Tax Attribute Reductions

Blog , Debt Collection

A bankruptcy discharge has many effects and timing is important. The most well-known, of course, is that debts are eliminated and the debtor has no further obligation to pay them. A lesser-known consequence of bankruptcy can be its effect upon a debtor’s future income. The income itself is not directly affected by a bankruptcy, but […]

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Dec 08

Holiday Spending and the Not So Friendly Math

Blog , Debt Collection

A 2014 report on holiday shopping plans and finances found that about 55% of the respondents reported that money was their main source of stress during the holiday season.  Despite this, more than half of those people planned to use their credit cards for holiday shopping, and they plan to spend about as much money […]

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Feb 24

That Friendly Family Loan You Want to Give

Blog , Debt Collection

That Friendly Family Loan You Want to Give

The biggest mistake people make when lending money to family or friends is a failure to plan.  They fail to consider the likely outcomes if the loan is not repaid as promised.  Not being paid by anyone makes us angry.  Not being paid by someone with whom we have a close relationship makes that anger […]

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