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Collections Law/BANKRUPTCY??
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Question
I HAVE 3 ACCOUNTS ON THE SAME COLLECTOR AND THEY SAY IM IN COTENT OF COURT AND I HAVE OTHER DEBTS!! QUESTION CAN I NOW FILE FOR BANKRUPTCY? NOTE .. I'M MARRIED, WIFE WORKS AND WE HAVE A DAUGHTER!! I'M ALSO IN THE ARMY IF THAT CAN HELP.. WHAT ARE MY OPTIONS?
You can file bankruptcy at any point and if you qualify for chapter 7, it will likely alieviate any unsecured debt. You should also look into various programs for military personnel serving overseas that help people in your situation. I have been told military counselors and commanders can assist in directing you to the proper program. However, these are often delaying programs so a chapter 7 may still be your best option.
You should be aware that contempt of court is a criminal charge. Collectors cannot charge you with contempt of court, only a judge or prosecutor can. So if you have been charged with a CRIMINAL charge (I believe it is unlikely), chapter 7 will not stop that but can eliminate the underlying charge and get it vacated.
Good luck - thank you for your service to our country! This creditor seems over-bullying. Please feel free to contact me again with more specifics and I will be glad to help in more detail. It seems likely to me this collector may have violated the FDCPA. I have no specific evidence based on what you are saying, but am suspicious of their claim of contempt. Sometimes it is best to fight back at these guys but I would need more information.
Regan
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Answers by Expert:
Regan Shinski
Expertise
I can answer questions on collections, repossessions, bankruptcy, credit repair, credit counseling, FICO scores, credit planning, and the cause and effect of credit related decisions. I can also answer questions on collection settlements and preparing to sue your creditors for false debts and credit credit reporting.
Experience
Fifteen years ago I was financially devasted due to severe health issues. I filed bankruptcy, had a foreclosure, car repossession, tax lien, and ruined credit. I immersed myself in credit law. I settled dozens of accounts and had them removed to improve my credit. I personally sued four creditors and collection agencies and won cash settlements for their false reporting on my credit reports.
Since then, I have completely recovered and have nearly $100,000 in revolving credit lines and perfect credit. I have owned a credit repair company for the past five years and have an additional three years of specific work in the collections and debt management industry.
I am fully versed in the Fair Debt Collection Practices Acts (FDCPA), Fair Credit Reporting Act (FCRA), and have used them successfully in collection settlements and lawsuits for myself and others. I am also familiar with and abide by the Credit Repair Organizations Act (CROA).
I have deleted or helped delete literally hundreds and hundreds of derogatory items from consumers' credit reports and helped negotiate many settlements with collection agencies and creditors. I have also advised people on bankruptcy at any stage.
In the current credit market, I have successfully advised numerous people on how to obtain credit and how to negotiate for better terms.
Education/Credentials
BA University of Minnesota
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