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What Are the Consequences of Ignoring a Debt Collector?

What Are the Consequences of Ignoring a Debt Collector?

Ignoring calls from a debt collector can be tempting, but is it always a good idea? Ignoring a problem does not make it go away, and this is especially true with debt. One of the worst things that can happen if you ignore a debt collector is that it can result in you being sued. If a judgment is entered against you for an unpaid debt, it can result in your wages being garnished, even funds being withdrawn from your bank account.

Auto Loans in Bankruptcy - Can You Keep Your Vehicle?

Auto Loans in Bankruptcy - Can You Keep Your Vehicle?

One of the biggest worries individuals facing bankruptcy have before beginning the process is what property they will lose. Will they lose their home or their cars? This is one of the biggest misconceptions and common bankruptcy myths. In fact, many of our clients are able to keep the majority of their possessions when they file for bankruptcy. It is very likely you will be able to keep certain pieces of property, including your vehicle when you file for bankruptcy.

The Dangers of Debt Settlement and Debt Relief Companies

The Dangers of Debt Settlement and Debt Relief Companies

The saying goes that if it sounds too good to be true, it often is. This sentiment could not be truer than with debt settlement and debt relief companies. If someone is facing debt collection, he or she is likely to take any help that is offered. And these type companies know it; they prey on your vulnerability. Here are some facts about debt settlement and debt relief companies.

Tips for Rebuilding Credit After Bankruptcy

Tips for Rebuilding Credit After Bankruptcy

Filing for bankruptcy allows you to press the restart button on your finances.  Whether you filed for Chapter 7 bankruptcy (a simple and straightforward elimination of your unsecured debts) or a Chapter 13 bankruptcy (a structured repayment plan approved by the bankruptcy court), you can begin restoring your credit immediately after receiving your bankruptcy discharge.

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Law Offices of Walter F. Benenati: Bankruptcy Attorney

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