Aug 11, 2020 | Blog, Business Debt, Chapter 11 Bankruptcy
Being engaged in commercial or business activity may include simply dealing with business debts. So says a bankruptcy court in South Carolina. This ruling could be particularly important for many of the businesses that are not open due to stay-at-home...
Jul 23, 2020 | Blog, Credit & Credit Scores
Credit reporting agencies (CRA) do not determine whether or not you are liable for a debt. The Fair Credit Reporting Act (FCRA) was designed to ensure that credit information is accurate. Credit reporting agencies are required to investigate any disputes...
Apr 28, 2020 | Blog, Financial Problems
Many lawyers are worried about the future. They are worried about their practices, which are their businesses, and whether they can survive the current pandemic. Others are confident that they can keep their practices intact, or at least continue at a...
Apr 22, 2020 | Blog, General Bankruptcy
When your business or your finances are under pressure, there are always measures that can be taken to help. We do this all the time for our clients. But the COVID-19 pandemic presents an unusual situation. We do not know how long or how severe the...
Mar 30, 2020 | Blog, Debt Collection
The good news is you get to direct how that payment is applied. You should do so, because if you do fail to direct the application of the payment to a particular debt, the creditor may apply the payment as it chooses to. There is an exception to these...
Mar 2, 2020 | Blog, Foreclosure
We recently came upon a case in which a mortgage borrower had not made a payment in over 15 years. The lender had taken no action to collect, nor to foreclose its mortgage lien. When action finally was brought, the borrower asserted that the lender had...
