Sep 26, 2018 | Blog, Debt Collection, Tax
You will have notice and some time to pay or otherwise deal with the tax debts. The IRS always sends a bill first. That bill will be based on your tax return and will likely include appropriate interest and penalties. You will always receive at least a second bill...
Jun 29, 2018 | 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...
Apr 24, 2017 | Blog, Chapter 7 Bankruptcy, Debt Collection, Financial Problems
The Unexpected Bankruptcy and What to Do About It The morning mail arrives, and with it is a notice of a bankruptcy filing by a customer you have not heard from in years. The customer owes you money, and the statute of limitations has long since run so you can no...
Dec 8, 2016 | Blog, Debt Collection, Financial Problems
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...
Sep 21, 2016 | 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...
Sep 1, 2016 | 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...
