When you are unable to pay a debt, the lender may eventually 'charge off' the debt if their efforts to collect it are unsuccessful. The calm that follows may end the torrent of harassing phone calls and demand for payment letters initially, but there is a strong possibility a debt collection company will buy the debt from the original lender and start the collection process anew. So-called zombie debt collection companies make their living from purchasing bad debt from companies at a fraction … [Read more...]
Archives for June 2018
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Qualifying for Chapter 7 Following a Job Loss
The Toys R Us bankruptcy liquidation sale is nearly over and, unfortunately, that means that roughly 30,000 employees will be out of work by the end of the month. Workers, many of whom have been with the company for years, say that they will not receive severance pay or be compensated for accumulated sick time, leaving many scrambling to find alternate work as quickly as possible. While some will be successful in landing on their feet following a job loss, particularly in the strong job … [Read more...]
Google Rating
Based on 66 reviews
Facebook Rating
Based on 7 reviews
Yelp Rating
Based on 1 reviews