About Michael Brotherton Expertise Consumer/Debtor Rights Advocate.
Mike Brotherton is a negotiator with over 30 years experience in consumer lending and collections. Mike has 30 years in the credit and collections industry as a former loan officer, debt collector and manager of two finance companies over several years.
Mike is well versed in Loss Mitigation practices and the legal collection process. He has helped literally thousands of people over many years overcome serious financial problems such as foreclosure, creditor lawsuits and abuse by debt collectors. For more information about resolving your "financial emergency" visit www.financialemergency.com.
FinancialEmergency.com is a consumer web site which actively promotes Fair Debt Collection Practices and other consumer protection laws. We teach DEBTOR RIGHTS and enforcement of those rights. The more informed you are of your rights and the credit collections practices of creditors the more peace you can have dealing with your FINANCIAL EMERGENCY.
Most financial problems are fairly common and as such have some very common solutions. The key is understanding your rights in the collection process and how to enforce them if need be.
Primary business- Debtor Rights Advocacy and Debt Mitigation relating to foreclosure, creditor lawsuits, and other serious financial problems.
www.financialemergency.com (copy and paste in browser).
Experience Over 40 years combined experience negotiating disputes and resolving financial issues related to consumer debt, corporate issues and mortgage modifications.
Question Hello - My husband and I lost our home in connecticut and are for the time being staying off and on with friends and in our vehicle - we have very little money and a failing small business which brings in just merely a couple hundred dollars a month to make our car payment and pay for car insurance and that is about all - we now reside in the state of washington. We found out through the mail (we have a temporary postal box) that the bank in connecticut froze what little money we had ($88) - it is the only money we had - we were saving for food and to make our car payment which is $200 a month. Now the bank is charging $5 a day in NSF fees. We were never served papers since we were kicked from our home months ago through foreclosure. Please help!
Answer I am sorry to hear about your troubles. One thing I can say for sure is things have a way of working out if you take even minor steps in the right direction. I have risen from the ashes myself and God has been good to me. A little prayer in earnest goes a long way.
As for the bank account being frozen, it would be necessary to check with the courts to see exactly who did what and how. If a creditor filed suit and obtained a judgment they will usually start attaching everything they can find in your name. You do have rights though. The biggest factor in resolving these things is timeliness. Once your account was seized you may have exempted the money from attachment. Certain moneys and assets are exempt from attachment. But you only have a short time period to file for an exemption before those moneys are gone. You usually have 10-15 days to file for an exemption hearing once the account is seized.
The bottom line is you need shelter and sustenance. In a situation such as yours it can sometimes be difficult to think about tomorrow but just take care of today and push to get assistance such as food and emergency housing. Contact the churches and the local Red Cross. Contact your state rep or congressman and tell them about your foreclosure and see if they may be able to direct you.
I wish I could offer more specific advice but in these situations there are few options but to hustle and generate cash flow. You cannot depend on others to pull you out of your situation but you can get some help. What has helped me in the past when I have been in situations like this is to become indignant at the situation. Excuse the expression but get pissed. Get aggressive and don't take no for an answer. If you are determined to overcome you will, I promise.
