Posts Categorized: Debt

Chase and Zombie Debts

Zombie Debts

Last updated April 21, 2018. In a recent lawsuit, Chase Bank was forced to pay out more than $160 million in penalties and $50 million in refunds to consumers for selling bad zombie debt to collection agencies. What is a zombie debt? Many people have had a debt that they could not pay or that… Read more »

Chapter 7 Means Test 2015

Chapter 7 bankruptcy offers debtors serious relief. In a chapter 7 bankruptcy, you surrender non-exempt property to the court. That property is sold and used to pay your creditors. The rest of your unsecured debts are then discharged. Most debtors don’t have any non-exempt property, so they don’t have to give up property. That means… Read more »

Can I modify my student loans?

Student loans are all over the news. Student loan debt has risen to over $1 trillion and it just keeps growing. The average student borrower has an outstanding balance of almost $30,000. Students are graduating into a difficult economy and finding themselves unemployed or underemployed and struggling to make their student loan payments. Is there anything… Read more »