Bill's Comments

CHAPTER 13 DEBT LIMITS TO CHANGE

Chapter 13 debt limits are set by the federal Bankruptcy Code. Congress requires these limits for Chapter 13 Bankruptcy cases to be adjusted (usually upward) every three years based on the Consumer Price Index. The current figures were established in 2013, and the next Chapter 13 debt limit adjustment will occur on April

BEWARE OF PAY DAY LOANS – ESPECIALLY DURING THE HOLIDAYS

Desperate for small amounts of quick cash, many people take out pay day loans. These are relatively small cash advances of $500 to $2,000 borrowed over the internet or by telephone from lenders who are usually outside of New Jersey, and sometimes even outside the United States, and come due on the borrower’s next pay

PROTECTING YOUR RIGHTS UNDER THE FAIR DEBT COLLECTION PRACTICES ACT

My last post described your rights under the Fair Debt Collection Practices Act (FDCPA). The general types of debt collection practices that are prohibited by this law include harassment, abuse, misrepresentation and deception. Did you know that a debt collector must send you a written notice stating the amount of the debt, the name of the

YOUR RIGHTS UNDER THE FAIR DEBT COLLECTION PRACTICES ACT

The Fair Debt Collection Practices Act (FDCPA) was passed by Congress in part “to eliminate abusive debt collection practices by debt collectors…and to promote consistent State action to protect consumers against debt collection abuses.” (§ 802. Congressional findings and declarations of purpose [15 USC 1692]). The general types of debt collection practices that are prohibited by