To determine what will become of your vehicle in a Chapter 7 bankruptcy you must first determine the amount of equity in your car. Determine Your Equity For these purposes equity is defined as the value of a particular item, in this case your vehicle, after you subtract the amount owed on the item, such as your […]
Can a Creditor Contact Me Through Social Media?
In Florida case Melanie Beacham v. MarkOne Financial, LLC, Judge W. Douglas Baird’s ruling barred creditors from using social media sites to try to collect on debts. This included “digital cupcakes.” Digital cupcakes lead you into click on a message or link with the pretense of something else and then once you click on it, […]
How Do I Get Creditors to Stop Calling?
People who find themselves in difficult financial positions understand how intrusive and obnoxious debt collectors can be when attempting to communicate with the debtor about the repayment of their debts. The good news is a debt collector cannot contact you by phone, mail, or email if you have informed them you have retained an attorney. […]
Can a Creditor Send Me to Jail?
A creditor cannot send you to jail. That being said, if you fail to appear at certain court hearings, there may be a warrant issued for your arrest. Many creditors will schedule a Debtor’s Examination Hearing or a Debtor’s Exam where the creditor wants to find out more information about your assets and income. Creditors […]
Stop a garnishment and take your money back
Once creditors obtain a judgment against you, they can garnish your wages up to twenty-five percent (25%), taking all of the money out of your bank accounts until that judgment debt is satisfied. If you are employed as a contractor, the creditor can intercept your entire paycheck until the money you owe them is paid […]
Stop a garnishment and take your money back
Once creditors obtain a judgment against you, they can garnish your wages up to twenty-five percent (25%), taking all of the money out of your bank accounts until that judgment debt is satisfied. If you are employed as a contractor, the creditor can intercept your entire paycheck until the money you owe them is paid […]