What Happens to Tax Debt if I File for Bankruptcy
What Happens to Tax Debt if I File for Bankruptcy
Bankruptcy laws vary from one situation to another. For example, Chapter 7 discharges a debtor from tax debt. In Chapter 13, on the other hand, all debts enter a repayment plan. In some cases, bankruptcy can discharge income tax, like any other unsecured debt. But income tax cannot be discharged if you have failed to file income tax for two...
Should I File for Bankruptcy To Stop Credit Card Lawsuits
What can a debtor do in the event of a credit card company filing a lawsuit against them? Well, it would be in the best interest of the debtor to take immediate action and file for bankruptcy to stop that lawsuit. The reason is that if the credit card company succeeds in filing a lawsuit against them, the property of the debtor can be put on a lien, making it difficult for them to sell or...

How to Negotiate Credit Card Debt – A Guide for Negotiation
Credit card debt is known as unsecured debt. It means that a credit card company can not take your assets if you fail to pay your debts on time. But if you extend your payment time, then the creditor might sue you.
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How to Negotiate a Credit Card Lawsuit
Having a credit card provides you with a cushion that you can use when you are short of cash or you need funds in an emergency. However, failure to pay back your credit card bills on time can often have dire consequences, and this is one of the biggest issues that most people face. The worst case scenario is if you have maxed out your credit card, you may be faced with a lawsuit.
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What to do When Your Bank Account Has Been Garnished?
If you have failed to meet debts lately, your creditor can file for a bank account garnishment. It means that they have sued you, and they can withdraw money through an agency from the bank account to meet the debts.
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Sued by a Debt Collector? What’s Next
A debt collector may sue you for not paying a past due on a debt. They are a third-party agency that the creditor hires to collect the money from you.
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How to handle a Lawsuit from a Debt Agency
Being sued by a debt collection agency is a very common thing these days. Often times when you are hit with such a lawsuit, you are unsure in regard to how to respond. In fact, for that matter, many people are unsure about whether to even respond or not. Being sued for debt is a problem that can manifest itself into various situations depending on how the case goes forward but the bottom line...

Successful Credit Card Settlement – How To Write Off Debt Through Successful Negotiation
Are you in a position where you will be negotiating a credit card settlement fee with your credit card company? Over the course of this pandemic, many people have been unable to manage their finances as estimated. This has resulted in there being major problems with credit card fee payments. Credit card companies ideally always have the option of negotiating credit card debt so that an...

Credit Card Mistakes to Avoid
Credit card companies make it very easy for borrowers to replace the cash in their wallet for the plastic card. Credit card companies spend billions of dollars on marketing cards to borrowers and making them appealing with cashback or airline miles. If you choose to use a credit card to build your credit score, be cautious of these common credit card mistakes.
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Student Loans are Making it Hard to Get a Mortgage
Recent college graduates receive heavy social pressures from friends or family about when their timeframe for purchasing their first home. However, they might discover that those same student loans that allowed them to finish their studies are now holding them back from purchasing their own home. The National Association of Realtors recently published that 83 percent of the non-homeowners...