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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Sep 21

Will my doctor (or dentist or landlord or friend that I owe money to) get notice of the bankruptcy?

Blog , Debt Collection , Declaring Bankruptcy , Financial Problems , General Bankruptcy

Yes.  The court will mail a notice to all creditors.  That notice will show the names of the debtor(s), the filing date, and the date set for the Meeting of Creditors.  It will also show the deadline by which any creditor may file a request to have the discharge denied or to object to the […]

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Sep 01

Steps to Take When You See Your Debt Mounting Before It Gets Out of Control

Blog , Business Debt , Debt Collection , Declaring Bankruptcy , Financial Problems , General Bankruptcy

  How can you tell if your debt is out of control? There are various signs that a person has too much debt.  These indicators include the following: You don’t know the balances on your accounts.   You have made minimum payments for three or more successive months.  This signals an inability to reduce the […]

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