In my last posting I spoke about whether a debt is dischargeable and realized this can be somewhat confusing to the people I meet.
Some debts are very clear, such as child or spousal support, when deciding if they are dischargeable. Others are not.
A quick and simple list of non-dischargeable debts is:
- fines, penalties, restitution orders […]
There are many types of lawsuits and the impact can be slight or severe on a debtor’s financial situation.
Creditors must issue a statement of claim, one of the first steps in a lawsuit, in order to collect funds by garnishment or court orders. This is what collection agencies mean when they say the next step […]
And you are thinking: how can I make a proposal such that the creditors will accept it?
I just met with someone who has income that can vary from as high as $2,800 a month to as low as $1,800 a month. This person wanted to do a proposal but during the lower income months it […]
