Debt

After all of this, courts will use the Federal Child Support Guidelines to determine how much support has been reduced for each year since the date of retroactive application. Framework: Retroactive Increase Recipients seeking retroactive increases in child support payments because their payor’s income has increased significantly in the past will follow a similar approach, […]

It’s understandable that you’d wonder if, in the event of the death of a close family member like a parent, sibling, or brother, their debts would automatically pass to you. In most circumstances, you don’t inherit a family member’s debt. When a borrower dies, his or her debts cannot be transferred to his or her

There is no doubt that keeping up with debt payments can be a difficult experience for many people. When you begin receiving calls from collection agencies, the stress level rises even further. You asked regarding credit cards and your home, and I’d want to answer that for you. Yes, that’s the quick answer. If a

Federal Management Service (FMS) administers the Treasury Offset Program (TOP) for the US Department of Treasury (FMS). By garnishing or offsetting your tax refund, federal and state government entities can collect outstanding debts owed to them. Because federal income tax returns are the most popular federal payments, government agencies regularly garnish them. Private creditors, such

As a result, if you plan on emigrating to another country but have declared bankruptcy in Canada, you may have difficulty doing so. Bankruptcy legislation is not the same across countries, as previously stated. For this information, you’ll need to visit an immigration website for the country you plan on leaving Canada for. However, being

The simple answer is yes if you have a collection entry. In most circumstances, it can be removed. That’s something you should do. In some situations, having a collection entry on your credit report may prevent you from acquiring a vehicle loan or a mortgage. First, let’s talk about what a collection entry is, how

Although a collection agency has the legal ability to sue you, this does not occur as frequently as they would have you believe. Collection agencies, like any other business, are interested in making a profit, thus they will not go to great lengths to recover your debt. Taking legal action against you would entail further

If you owe a lot of money to creditors and don’t have the means to pay them back immediately, a Debt Management Plan (DMP) may be the best option for you. A Debt Management Plan (DMP) allows you to spread out the repayment of your debts over a period of time rather than paying them

The FDCPA may be circumvented by law firms. Only if a law practice may be regarded to be collecting debts on a “regular basis” is it subject to the FDCPA. Defining “regular” is a matter of opinion. As a matter of prudence, many lawyers will continue to adhere to it even if they don’t believe

or a lawyer who focuses their practice on debt settlement Because of the high cost of hiring an attorney, it’s unlikely that you’ll save more money than you would by resolving the issue yourself. In the event that a lender for your private student loan sues you, an attorney can help you negotiate a settlement.