Articles Posted in Debt Collection

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What are North Carolina’s exemptions?”

When you think of emotional distress claims, you understandably think of them in a personal injury context. The term is almost always associated with car accidents or workplace injures, something where someone also suffers physical harmed. Though it’s true that emotional distress exists primarily in the personal injury world, a recent case decided by the U.S. Court of Appeals for the Third Circuit demonstrates that emotional distress can sometimes involve bankruptcy proceedings.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What are the pros and cons of bankruptcy?”

Though many people may not be aware of it, the debt collection industry has exploded in recent years. In the past five to 10 years, creditors have begun selling all their old debt to debt buying firms, usually for two or three cents on the dollar. These firms then use aggressive tactics to pry money from debtors, even in cases where the debts are expired and legal claims can no longer be made to recover the money. The industry has grown to more than $13 billion in size, representing many thousands of claims against many thousands of debtors.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “Does Bankruptcy stop foreclosure?”

The Orange County probation department received a “scolding” this week from a federal court for hounding a California mother into bankruptcy and beyond to pay the $16,000 it said she owed them for incarcerating her son in a juvenile detention facility.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “Should I file bankruptcy?”

You might be surprised to learn that some countries still have debtors’ prisons. In fact, the United Arab Emirates just announced that its cabinet has approved the final part of a plan to create a bankruptcy law for the country which will help abolish the threat of jail time related to unpaid debts.

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What are my alternatives to bankruptcy?”

Last Week Tonight host John Oliver recently made headlines when he forgave nearly $15 million in medical debt for roughly 9,000 individuals in the “largest one-time giveaway in [TV] history.”

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Bankruptcy Lawyer Bryan W. Stone answers the question: “What are the pros and cons of bankruptcy?”

An interesting article recently published by Forbes magazine sent out a necessary reminder to its readers: your tax bill probably isn’t going anywhere, even if you file for bankruptcy.

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Bankruptcy Lawyer Bryan W. Stone answers the question “Does Bankruptcy stop foreclosure?”

One of the most important aspects of the bankruptcy process, at least for those eager to end the harassing calls from collectors, is the automatic stay. The automatic stay serves as an immediate (though temporary) stop to the vast majority of debt collections. Though the automatic stay is powerful and can be a welcome relief to many bankruptcy filers, there are limits to what it can do. To find out more about the automatic stay, keep reading.

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Bankruptcy Lawyer Bryan W. Stone answers the question “What is Chapter 7 Bankruptcy?”

Most people are familiar with the basic outlines of the bankruptcy process: debtor files for bankruptcy protection, debts are either forgiven or restructured, creditors are given a chance to offer input, bankruptcy is discharged. Though this is how many such bankruptcies go, it isn’t always the case. In fact, when most people think of bankruptcy they are often talking about the voluntary bankruptcy approach, not realizing that there’s another option known as involuntary bankruptcy. To find out more about the involuntary bankruptcy process, keep reading.

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Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Can I get credit after filing personal bankruptcy?”

The Constitution of the United States spells out certain limited powers to be exercised by the federal government. All other governmental powers are reserved to the states.