by Geoffrey Purkis | Jul 7, 2023 | Credit Card Debt, Student Loan Debt, Wage Garnishment
What Is Wage Garnishment? Wage garnishment occurs when creditors or a government agency orders your employer to deduct a specified amount from your paycheck to pay back debts. Many types of debt can result in wage garnishment, including credit card debt, lease...
by Geoffrey Purkis | Sep 8, 2022 | Chapter 7 Bankruptcy, Credit Card Debt
Yes, declaring certain forms of bankruptcy can clear most of your credit card debt. It can also help you form a repayment plan and stop a credit card company from harassing you. You can file a Chapter 7 bankruptcy to clear credit card debt. It is the Bankruptcy...
by Geoffrey Purkis | Apr 16, 2020 | Credit Card Debt
Your credit card company has filed a lawsuit against you and you have been served with a summons and complaint. What to do now? Should you file for bankruptcy? Understand that credit card debt is a type of unsecured debt that if you can’t make payments, your credit...
by Geoffrey Purkis | Oct 31, 2019 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit Card Debt
A “secured” debt is a debt where you have pledged property (also known as “collateral”) to ensure your payment of the debt. In other words, if you are unable to pay the debt, the lender can take the collateral and have the collateral sold to generate funds to pay the...