Category Archives: Debt Settlement

Unlike Bankruptcy, Private Debt Settlement Can Lead to Big Tax Problems

By Jon G. Brooks | Published: November 13, 2011
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It’s another symptom of this prolonged recession. Private debt settlement companies are cropping up like mushrooms all over the Bay Area. Their advertisements urge people not to consider filing bankruptcy and promise that they can negotiate settlements with your creditors instead. In general these debt settlement outfits are not attorneys, and they cannot offer any [...]

Also posted in Bankruptcy and Taxes, Bankruptcy Discharge, Bankruptcy in General | Tagged , , , , , | Comments closed

Debt Settlement Programs Don’t Keep Credit Card Companies from Suing You

By Jon G. Brooks | Published: October 21, 2011
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Once or twice a week, I meet with a prospective bankruptcy client who has called us, frantic, because a credit card company or some third party collection bullies for a credit card company have served her with a lawsuit summons. “I don’t understand why they would sue me,” the debtor will complain. “I’ve been paying [...]

Also posted in Bankruptcy Basics, Bankruptcy Discharge, Chapter 7 Bankruptcy, Credit Card Debt | Comments closed