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Lynn Wartchow
May 19, 20153 min read
Debt Consolidation vs. Debt Settlement vs. Bankruptcy? What Can You Expect from Each Option
When facing mounting debts that cannot be repaid according to the regular monthly terms, one should consider all options for debt...
Lynn Wartchow
Sep 15, 20143 min read
My Bank Account was Levied—What Now?...
My Bank Account was Levied—What Now? How to Stop Bank Levies and Have Levied Funds Returned to You by Filing for Bankruptcy Protection....
Lynn Wartchow
Aug 27, 20143 min read
Defaulted SBA Loans:
How SBA Loans Differ from other Forms of Credit when it comes to Collection, Personal Guarantees and Discharging SBA Loans in Bankruptcy...
Lynn Wartchow
Feb 28, 20142 min read
File Bankruptcy to Protect Your Wages and Other Earnings from Garnishment
From the moment that a bankruptcy petition is filed, the “automatic stay” is invoked and this automatic stay of legal proceedings affords...
Lynn Wartchow
Feb 7, 20143 min read
Received a 1099-Misc on Cancelled Debt? You May Qualify for Exclusion from Taxes if You Were Insolve
Generally, when a debt is owed and at least $600 of the debt is canceled, forgiven or settled for less than the full amount owed, this...
Lynn Wartchow
Jul 3, 20122 min read
The Fair Debt Collection Practices Act and How It Protects You
The Fair Debt Collection Practices Act (“FDCPA”) is pro-consumer legislation that was originally enacted in 1978 for the purpose of...
Lynn Wartchow
Mar 9, 20123 min read
Received a Form 1099-C on Foreclosed Home? You May Qualify for the Mortgage Forgiveness Exclusion to
If you receive a Form 1099-C reporting ‘debt cancellation’ income after a home foreclosure, you may qualify for the Mortgage Forgiveness...
Lynn Wartchow
Feb 17, 20123 min read
Collection on the Judgment – What to Know if You Are Facing a Wage Garnishment
A frequent impetus for a Chapter 7 or Chapter 13 consumer bankruptcy filing is when a person is being actively collected on—usually in...
Lynn Wartchow
Sep 16, 20112 min read
You’ve Just Been Served with a Lawsuit, Now What?
It’s common for people who have consumer debts such as credit cards and medical bills to be sued and have judgments entered against them...
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