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Collection Lawsuits

One of a consumer’s biggest fears is when a creditor tries to bring a lawsuit against them. How do they stop it? One way is by filing bankruptcy. The automatic stay goes into place as soon as a bankruptcy case is filed, stopping collection lawsuits, foreclosure, wage garnishment, and more. Learn more about collection lawsuits and how to stop them from the following articles.

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Posted On: May 9, 2017

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Posted by: Charles L. Basch II

NYC’s Worst Debt Collectors: Who are They?

Over 20 million people live in one of our country’s biggest regions, metropolitan New York. With that many people, it’s likely that millions are in financial dire straits. And where there is financial misery, there are debt collectors. Who are the Big Apple’s most prolific debt collectors? Are they the major players in the debt collection…

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Posted On: April 21, 2017

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Posted by: Charles L. Basch II

Debt Collectors in the US You Need to Know

The debt collection industry is big — estimated to be a $12 billion industry in fact, and growing. There are literally thousands of debt collectors in the form of collection companies, law firms, and yes, even debt buyers. How does it all work? The origin of debt collectors had humble beginnings. They were often in-house departments of…

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Posted On: February 4, 2015

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Wage Garnishment Laws in NY: Can Creditors Take My Paycheck?

Last updated Oct. 30, 2017. Although many people believe that missing a payment or two on a debt can result in a quick garnishment of their wages, this is not the case. Having one’s wages garnished in New York State is the end result of a process that can last for several months. With credit…

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Posted On: January 14, 2015

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How bankruptcy and debt solutions impact your credit score

When you’re in debt and trying to decide what action to take, you may be concerned about how to protect your credit score. That’s often one of the last barriers to deciding to file for bankruptcy – so how much does bankruptcy affect your score? The answer may surprise you. Bankruptcy certainly does have an…

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Posted On: August 17, 2014

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Posted by: John O'Connor

Wage Garnishment Must Stop After a Bankruptcy Case is Filed; You Might Even be Able to Get Money Back

Bankruptcy Stops Wage Garnishment The minute a bankruptcy cases filed, an injunction called the automatic stay is issued, which prohibits creditors from trying to collect on debts that were included in the bankruptcy. The Ninth Circuit Court of Appeals has called the automatic stay “one of the most important protections in bankruptcy law.” The automatic stay…

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Posted On: June 3, 2014

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Are You Judgment Proof?

Last updated June 28, 2017. We all know why people are filing for bankruptcy. With a tepid recovery, jobs are hard to find, home values are still low, and fear and uncertainty are preventing business owners from expanding their businesses. The costs of health care are rising even with the Affordable Care Act in play….

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