FICO and Personal Bankruptcy

The FTC alleged that Midwest Recovery, and owners Brandon M. Tumber, Kenny W. Conway and Joseph H. Smith, collected more than $24 million from consumers on such debts, largely by debt parking.
What is “debt parking”, also known as “passive debt collection?”

A bankruptcy proceeding has pros and cons, be it a Chapter 7 liquidation or a Chapter 13 reorganization. While filing bankruptcy can help, keep in mind that not all types of debt can be wiped out when you file for bankruptcy. Bankruptcy proceedings can wipe out your credit card debt, medical debt, and certain tax debt but not alimony, child support, student loans, and other secured debt. Below are other things that will help you see how declaring bankruptcy may or may not help with your financial problems.
How can a bankruptcy petition help you?

CFPB Sues Encore Capital Group, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp for Collecting Debts Beyond Statute of Limitations without disclosing debts were uncollectable, and other illegal acts

Find The Right Bankruptcy Lawyer For You
Reprint from a great California bankruptcy attorney – Cathy Moran

Debt Collectors Can Demand Payment on Facebook Once You ‘Friend’ or ‘Follow’ Them

CFPB and State Attorneys General Settle with Nationstar, aka Mr. Cooper, accused of unfair and deceptive practices

CFPB Settles with Discover Bank, the Student Loan Corporation and Discover Products for violating a consent order and other unlawful practices

The Paycheck Protection Program (the second round):