By ANNIE LOWREY The anemic economy has left millions of younger working Americans struggling to get ahead.

Depending on state law regulations, a motorist may have their driver’s license suspended if they have an outstanding debt related to a civil judgment.   For instance, back child support payments or lack of insurance are common reasons why someone may have their license put under suspension.  While it is true a suspension is a consequence, [...]

When facing debt problems, dispel uncertainty to get a better solution.
We love certainty in our lives. That’s why we drive the same route to work each morning, set our alarm clocks for the same time, and eat a narrow range of familiar foods.

Chicago area drivers who tried to avoid paying impound fees for their vehicles allegedly participated in a bazaar scheme that included filing false bankruptcy petitions.  Local and state investigators found a significant number of “pro-se” bankruptcy filings (individuals who filed without an attorney) after the U.S.

For many Oregon and Washington families Chapter 13 Bankruptcy represents an opportunity to finally resolve past due tax obligations. The opportunity eliminate older tax debt altogether and pay back the remaining balance at zero percent interest over a three to five year period with no penalties and often at the expense of other creditors is a fine thing indeed. But you have to get the returns filed.

The ending of a marriage requires you to address all of the debts that you acquired during your marriage.  Even if you were able to handle your debts during the marriage, you might not be able to handle them after a divorce.  This is because of economies of scale; basically, it’s cheaper for two people to live together than it is for them to live separately.  This means that financial planning must be part of your divorce planning.

For many consumers in both Oregon and Washington, an upcoming eviction often represents the last straw in coping with creditors prior to filing bankruptcy. Thankfully a bankruptcy filing will stop a residential eviction for non-payment of rent in its tracks

Chapter 13 bankruptcy is a court-approved repayment plan based on the debtor’s ability to repay.  While the plan is not for everyone, it offers different benefits that debtors may find useful depending on their personal situation.  While the plan can last anywhere from three to five years, this aspect alone is enough to discourage debtors [...]

You will not go to jail for failure to pay a bill.  There simply is no debtors’ prison anymore and you don’t have to be in fear that you’re going to go to jail if you don’t pay your bills.  However, you must appear in court if you are notified to appear either in state or federal court.  If someone winds up getting in trouble with the court, it’s going to be for contempt of court for failing to appear.

The minute you hire a law firm, this is even before your case is filed; but the minute you hire a law firm and retain an attorney, you have the ability to refer your creditors to that attorney.  Under the Fair Debt Collection Practices Act, once a creditor is made aware that you are filing for bankruptcy or that you have representation to file bankruptcy, they are prohibited from contacting you and they must go through your attorney.