Debt Settlement Blog

Boss Law Blog

  • 4 Myths about Filing for Bankruptcy

    Posted By Boss Law || 24-Jan-2017

    As experienced bankruptcy lawyers in St. Petersburg, we have heard many strange and false misconceptions about bankruptcy and the bankruptcy process. Our team at Boss Law wants to set the record straight on a few of these myths and hopefully make those considering bankruptcy a little more knowledgeable about what our firm does and how bankruptcy can benefit them. Here are four myths about bankruptcy: ...
    Continue Reading
  • Can Spouses File for Bankruptcy Together?

    Posted By Boss Law || 17-Jan-2017

    If you are a married couple, you can choose to file for divorce individually or jointly. There are benefits and drawbacks to filing for bankruptcy as a couple. Factors of a joint and individual bankruptcy are determined by: The exemption laws of your state Whether or not the debts are shared The amount of property you own Our St. Petersburg bankruptcy lawyers share the pros ...
    Continue Reading
  • Is Bankruptcy Right for Me?

    Posted By Boss Law || 10-Jan-2017

    Bankruptcy isn’t right for everyone. Those whose situation is right for bankruptcy not only can feel a sense of hope, but bankruptcy can help them get back on their feet after a serious financial struggle. Our St. Petersburg bankruptcy lawyers share some ways you can determine if bankruptcy will help you start a new chapter or if it just isn’t the right fit. To help ...
    Continue Reading
  • How Often Can You File Bankruptcy?

    Posted By Boss Law || 3-Jan-2017

    There is no limit to the number of bankruptcy cases you can file, however, if your debts were discharged in a previous bankruptcy you must wait before you can be discharged again. Whether or not you can file another bankruptcy and receive a discharge depends on some factors, like: When you filed the previous case The type of bankruptcy file previously The type of bankruptcy ...
    Continue Reading
  • At Least $108 Billion in Student Loans to Be Forgiven in the Next 20 Years

    Posted By Boss Law || 6-Dec-2016

    According to a recent article published by Fortune, about $108 billion or more in student loans will be forgiven in the next one to two decades. This upcoming action is thanks to federal programs that seek to ease the financial burden for individuals attending higher education institutions. According to report from the Government Accountability Office, that figure is derived from a third of the $352 ...
    Continue Reading
  • Supreme Court Agrees to Hear Complex Case Regarding Debt Collection

    Posted By Boss Law || 24-Oct-2016

    According to a recent article published by The Wall Street Journal, The United States Supreme Court will decide whether a debt-collection agency can be penalized for attempting to collect an old debt from a woman who filed for bankruptcy. On Tuesday, the high court granted a petition for a writ of certiorari for Midland Funding LLC, one of the U.S.’s largest buyers of unpaid debt, ...
    Continue Reading
  • Recent Report Rules May Affect Your Mortgage

    Posted By Boss Law || 19-Oct-2016

    If you are not already familiar with the concept of trended credit data, it may be time for you to get familiar with it now. According to a recently published article, if you are planning to apply for a mortgage loan, it is important to be aware of this new concept in order to avoid high interest rates or an application rejection. Although credit scores ...
    Continue Reading
  • Are Homeowners Being Haunted by Home Equity Line Of Credit Resets?

    Posted By Boss Law || 17-Oct-2016

    According to a recent article published by Chron, not long ago, home equity lines of credit (HELOC) were popular choices for homeowners with high home values and those facing financial problems. Unfortunately, many of the homeowners who obtained HELOCs during the peak of the housing boom are now facing serious financial consequences. Generally, people are drawn to HELOCs for their unique structures. In most cases, ...
    Continue Reading
  • Understanding Harassment by a Debt Collector

    Posted By Boss Law || 12-Oct-2016

    Harassment by a debt collector can occur in a variety of ways, but some of the most common methods include repetitious phone calls intended to abuse or aggravate, threats of violence, and offensive language. Although the Fair Debt Collection Practices Act intends to prevent debt collectors from harassing, oppressing, or abusing consumers, many debt collection companies continue to violate such laws. Examples of harassment by ...
    Continue Reading
  • Automobile and Credit Card Debts Improve While Household Debt Increases

    Posted By Boss Law || 7-Oct-2016

    According to a news report published by The Street, consumers are now taking on greater balances for credit cards and automobile loans, increasing the overall household debts and the confidence levels of consumers. According to the Federal Reserve Bank of New York's Center for Microeconomic Data, household debt increased by roughly .3% during the second quarter of this year. This increase in debt was deemed ...
    Continue Reading
  • Fifth Circuit Court of Appeals Closely Examines Prohibited Conduct Outlined Under the FDCPA

    Posted By Boss Law || 20-Sep-2016

    On Thursday, September 8, 2016, the Fifth Circuit Court of Appeals issued an opinion regarding the interpretation of the Fair Debt Collection Practices Act (FDCPA), which allows individuals to obtain financial compensation if debt collectors violate the law. This opinion further constrains the wrongful actions of debt collectors. In Daugherty v. Convergent Outsourcing, Inc., the Court examined Section 1692e of the Fair Debt Collection Practices ...
    Continue Reading
  • Can Bankruptcy Get Rid of Your Student Loan Debt?

    Posted By Boss Law || 14-Sep-2016

    Contrary to popular belief, student loans can be discharged in bankruptcy in some cases. In fact, a recent study published by a student at Wilson School of Public and International Affairs at Princeton University, has determined that about 40% of borrowers who include student loans in their bankruptcy filings see a portion or all of their student loan debt discharged. However, only about 0.1% of ...
    Continue Reading
  • How Credit Scores Work

    Posted By Boss Law || 29-Aug-2016

    A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest, is termed as credit. The term also refers to the borrowing capacity of an individual or company. In America, a person’s credit rating is of utmost importance. Many people do not realize this importance in the long run. ...
    Continue Reading
  • Subprime Borrowers Are Obtaining Credit Cards at Increasing Rates

    Posted By Boss Law || 19-Aug-2016

    A study published by the Liberty Street Economics blog at the Federal Reserve Bank regarding the recent developments in consumer credit card borrowing found that subprime borrowers, individuals with FICO credit scores below 640, are obtaining credit cards at increasing rates. Researchers believe that the closure of accounts in previous years could be a contributing factor. During the recession in 2010 and 2011, half of ...
    Continue Reading
  • The Number of Consumers with Subprime Credit Scores is Significantly Decreasing

    Posted By Boss Law || 2-Aug-2016

    According to an article published by Fortune, American consumers with below-average credit scores reached its lowest in roughly 10 years. Of course, this is an improvement for the economy in the United States since this generation of credit-worthy individuals may boost bank lending. The number of persons with below-average credit scores has been decreasing for the past six years after reaching its highest point in ...
    Continue Reading
  • 143 blog entries. Viewing page 1 of 10 Go to page 1  2  3  4  5  6  7  8  9  10   Next →