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After over twenty-three years of helping individuals and families resolve their financial problems, I’m still amazed by how often I get this question. The answer depends on what is meant by “debts”. Let me explain.

Fines and Criminal Debts

My wife and I have the guilty pleasure of watching the reality TV series, Christley Knows Best. For readers unfamiliar with the series, the show offers an inside look at the antics of the millionaire Christley family and the family’s flamboyant father, Todd Christley.

A question that comes up frequently during a bankruptcy process is: "How does a judgment lien taken against me before a bankruptcy case is filed affect me after my case has been discharged?" This question usually arises because a person may be concerned about future liens that may be reflected in a title search upon purchasing or refinancing real estate.

It was recently reported that, according to data provided by Wells Fargo, Alabama ranks 45th in the nation for average credit score. The report, using data from Experian, one of the largest credit reporting agencies, shows an average credit score for Alabamians of 650.

When I am meeting with clients, I often get asked the following question “Do I still owe the debt on my credit report that is listed as charged off?”

Unfortunately, the answer is “Yes” you still owe old charged off debt.

It goes without saying that people in need of bankruptcy protection are usually living on a very tight budget. They are barely making enough money to pay their day to day living expenses. Many, in fact, are not able to pay for a place to live or food to eat.

In order to have a successful Chapter 13 bankruptcy, you must make sure you are on time with your Trustee payments.  If you have a house, you must also make sure you stay current with your mortgage payments.  Of course, life happens, and if you have trouble with making your payments we at Bond & Bote

This is a question that we get asked often and, in our credit-based society, it is a very important one.  The Fair Credit Reporting Act (FCRA) [PDF] is the federal law that controls everything that is allowed to be on an individual’s credit report.

I get this question quite often and it is a valid question for someone that is not familiar with the bankruptcy process. The best answer to the question is: “Not with proper representation.”