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To answer this question, let’s first talk about what I mean by the word “co-signer.”  Legally speaking, there is very rarely a difference between the person who signs a loan document first and who signs second.  In everyday conversation we all usually refer to the second person as the co-signer.  However, in the eyes of the law, it does not matter who signs first or

Many big name retailers have filed Chapter 11 bankruptcies over the last several months.  Among them are names like City Sports, Sports Authority, Quicksilver, and most recently Pacific Sunwear, also known as PacSun.   The news of these filings leaves many people scratching th

We have written previously (see below) about the topic of collection harassment and the federal law that prohibits illegal activities of debt collectors.

Chesapeake Energy is like a real life

The Bankruptcy Court in the Eastern District of Tennessee just ruled that if you owe a debt to the Military the creditor can off-set or take your tax refund to apply to the debt, but the creditor should obtain relief from the automatic stay first.

In an earlier blog post, I detailed what Disability Insurance Benefits (DIB) were in terms of Social Security Administration (SSA) disability benefits.

On March 16, 2016, the Costa Mesa, California debt settlement company of Morgan Drexen was ordered by a federal court to pay $132.8 million in restitution to those who enrolled in the company’s debt settlement program between

When meeting with potential clients, I am often asked if that person has to tell their spouse they are filing bankruptcy.  The answer can be complicated.  Generally, it is not wise to keep a secret from your spouse especially about something as important as finances.  Rarel

In all sincerity, the above statements are certainly sarcastic, but they are meant to be so…..Why?

This time of year my firm receives quite a few calls from current and former clients who have received a 1099-C document from a creditor. This is an IRS form that deals with debt that has been cancelled (hence the “C”) due to some event taking place during the s