Credit card companies sue for non-payment in a relatively small percentage of cases — reports from the Consumer Financial Protection Bureau (CFPB) suggest about 15% of consumers contacted about overdue
Yes — bankruptcies are public record because they are part of the federal court system. This means that anyone can access your bankruptcy filing, including documents and case details, through
Let’s say you’ve just checked the mail and found a form from a creditor that you don’t recognize. You open up the envelope and discover that it’s a 1099-c tax
If you Google the definition for the word “bankruptcy,” the word “insolvency” appears as one of its synonyms — and vice versa. It is true that the definitions of insolvency
The bank account of a person is the first thing that creditors will be looking to seize when they have a judgment against them. However, if those funds came from
A person’s finances are extremely personal. Very few things in life are the source of as much calm or as much stress as finances. You’ve probably heard of the term
Whether your car is your prized possession or simply just a means of transportation, we know how important it is to you. However, as anyone who owns a car knows,
Before we answer this question, you first need to find out one thing. Is Kentucky a community property states? If you live in Kentucky, you live in a separate property
It goes without saying, but nobody wants to have their property repossessed. The last thing you want when you’re already struggling to make ends meet is to walk outside to
The IRS typically has ten years from the date your tax debt is assessed to collect unpaid taxes. This time frame, called the Collection Statute Expiration Date (CSED), may be
When an individual is working on building or rebuilding their credit, it is only natural that they will want to see updates on their report. This is why people often
Many people are not aware that creditors have the right to seek a garnishment order against them if they fail to pay off their debt. Creditors may garnish directly from
Many taxpayers begin their filing process with an online tax calculator. Oftentimes, we expect the same result as last year – a refund. But what if the calculator amounts to
Tax debts may be some of the most challenging debts to get rid of. Taxing authorities have more power to seize your assets than all other types of creditors. Because
Debt buying has quickly become a large industry in the United States. Most people have never heard of a debt buyer, but you may be more familiar with them than
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