Subscribe to the BlogSoon after you file bankruptcy, you should expect new bills and phone calls from creditors to stop. Sometimes they don’t. Why? They hope you’ll pay them anyway…without consulting your attorney, and sometimes people in bankruptcy do this. Remember, once you file your petition, the court imposes an “automatic stay” against creditors. It stops all collection [...]
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Happy Holidays! The Credit Card Industry Is Raising Your Interest Rate!
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Happy holidays indeed. If you’re a credit card company. According to this article in the Denver Post (“Credit Card Rates Soar Just Before Shopping Season”), credit card companies have been raising rates on unassuming consumers. The credit industry is preparing for the major reforms on the unscrupulous practices they have been getting away with for [...]
Bankruptcy Myths and Misconceptions
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There are a lot of things in life that are pretty natural and instinctive. Bankruptcy is not one of them. As a result, people have a number of misconceptions about the bankruptcy process, such as: 1. There’s nothing I can do to stop creditors from harassing me. FALSE. The moment you file for bankruptcy, you [...]