In a previous article about the automatic stay provision of the bankruptcy code we lined up a few situations in which this section of the bankruptcy law stops bill collectors in their tracks. As a general rule, when a petition for bankruptcy relief is filed and accepted by the bankruptcy court, the automatic stay provision … Continue reading The automatic stay: It has exceptions and there are ways you could lose its protection
Compared to many laws on the books in the U.S., the bankruptcy code sometimes seems like magic. For no other reason than you have a right to apply for it and a desire to wipe out debt, you can petition the bankruptcy court to either eliminate your debts and/or pay them back for pennies on … Continue reading The automatic stay: It stops bill collectors in their tracks
Do you enjoy being harassed by bill collectors who ask excessive invasive questions and never seem to let up? Nobody enjoys harassment by creditors. There are several ways you can protect yourself from the harassment including making them stop calling you for good if you decide that the relief offered by the bankruptcy courts will … Continue reading How the FDCPA and the automatic stay help stop bill collectors from harassing you
“Automatic stay” is protects you from creditors during bankruptcy. While a bankruptcy case is active, be that a Chapter 7 or 13, no creditors or collectors may contact or harass the individual or organization in bankruptcy. Specifically the definition of automatic stay on the U.S. Courts official website is, “An injunction that automatically stops lawsuits, … Continue reading Examples of the automatic stay and how it operates in bankruptcy law
Chapter 13 Bankruptcy Has Unique Advantages Over Chapter 7 When you go to Joseph Wrobel, Ltd. to talk about your rights and options in the Bankruptcy Code you will learn about Chapter 13 bankruptcy and all how it solves the problem of limitations you may face with Chapter 7 bankruptcy. The main differences between Chapter … Continue reading What Everybody Should Know About Chapter 13 Bankruptcy
Why people chose Chapter 13 bankruptcy Chicago bankruptcy attorney Joseph Wrobel is often asked why people chose Chapter 13 bankruptcy. His frequent answer is, “It depends.” After the initial meeting with your bankruptcy attorney you should be advised whether you qualify for a Chapter 7 or a Chapter 13 bankruptcy. Your bankruptcy attorney asks for … Continue reading Why people chose Chapter 13 bankruptcy
What can be garnished? When you owe another person or organization money and do not pay, they can sue you to obtain a money judgment. To collect on that money judgement the creditor can ask the court for a wage garnishment order that is sent to your employer with an order for them to withhold … Continue reading What can be garnished?
There are several options for filing bankruptcy and eliminating medical bills. When bad things happen to good people the financial consequences can be suffocating. Especially when it is not your fault, you should not have to be stuck with unpayable debt and non-stop collector harassment. Medical debt collectors may sue you and garnish your … Continue reading Filing bankruptcy: Eliminating medical bills
When consumer confidence is high and the financial markets are doing well it may be time to drop some of your financial dead weight to clear space for new jobs, more money and less debt. Many people have added it all up and said, “If I only had this amount of extra money, I could … Continue reading How is Chapter 7 different from Chapter 13 Bankruptcy?
Despite our best efforts at living responsible lives, paying our bills on time and saving for the future, bad things happen to good people. Instead of being saddled with debts you cannot pay and bill collectors hounding you, consider wiping the slate clear of misfortune and getting the fresh start you need with a Chapter … Continue reading 7 situations leading people to take advantage of bankruptcy laws