Just a few days prior to Halloween, I get to discuss a scary topic - ZOMBIE DEBT !!
You'll likely have a few Zombies show up to your house on Halloween, but we're talking about a different type of undead...
Zombie Debt is debt that was eliminated because it is beyond the statute of limitations, it was charged off, it was eliminated in bankruptcy, it was paid off, or something else happened to make it go away, but years later, the debt (through a debt collector) rises from the dead and tries to take money from you to satisfy the otherwise uncollectible obligation.
This episode focuses on strategies to finally eliminate Zombie Debt!
This week's episode is one of my favorites, because I get to share a success story around a client who was being chased (harassed) for over $21,000 related to the repossession of a jet ski. The best part about this story is that I was able to convince the creditor to leave my client alone and drop the debt entirely - from $21,000 owed to $0 owed !!
How did I do it? You have to listed to the episode.
If you have a creditor chasing you for money and you do not believe that you owe it, or you do owe it but are unable to figure out how to pay it, you do have options other than bankruptcy. Please contact me and we can discuss your situation.
In this week's episode of the podcast, I look at the last 9 requests to Freddie Mac to take people off of their Exclusionary List. If you want to hear more about the Exclusionary List, please listen to Episode 32. This episode is about different things I've learned in trying to get people off of the List - my successes and failures.
I would appreciate if you would share this episode with a mortgage originator, realtor or title company you know because they are the ones who can refer people who are on the List to me for review, and in this area of the law, I can represent people all over the country!
In this week's episode of the Podcast, we talk about debts that are non-dischargeable, meaning these debts are not eliminated by a bankruptcy filing. The episode comes from from a listener question about a debt arising from domestic violence.
Some examples of non-dischargeable debt include:
- Certain Income Tax Liabilities
- Debts that arise from fraud
- Debts that relate to injury or damage related to operation of a motor vehicle while drunk or intoxicated
- Creditors who are not included in the bankruptcy filing
- Student Loan debts
What other debts do you think are or are not dischargeable?