What should my daughter-in-law do regarding a letter she received from a creditor that bought her defaulted loan from Sallie Mae

If she hasn't paid in over 3 years, I would continue to not pay. The damage to her credit has already been done. She needs to try to beat the...

HOW OFTEN DOES THE LAW ALLOW TO FILE/DISCHARGE BANKRUPTCY (AMENDED QUESTION)

You can file either chapter now. It has been more than 8 years since your last chapter 7 filing. It has been more than 6 years since your last...

How often does the law allow to file bankruptcy?

Depends on what you need. Generally, you can file another chapter 7 six years after the filing of the previous 13; you can file another chapter 13...

I went to the bankruptcy court to file for bankruptcy they told me I have 14 days to complete the paperwork.

Qualify for what exactly? Are you trying to save your home? Do you not qualify for chapter 7 due to income? Do you have unexempt assets that need...

It seems like it should be beyond the statute of limitations. And if it is, their threat of a lawsuit would be an actionable violation of fair debt...

Private student loan attempting to collect, should I pay?

Yes, private loans do have a statute of limitations. Did your mother co-sign your loans? Or are they only calling her to try to find you? If she...

What should an home owners association covers

I am not sure why you are having a tough believing that HOA's charge fees that don't cover any costs of the home. I pay $60/month for the...

Can they take your monies from your bank account for a student loan without judgement or notification

If it is a federal loan, they can usually garnish your paycheck without a lawsuit. But they usually don't dip into bank accounts. This sounds...

If I file for chapter 7 is there a grace period that I can change my mind ?

If you file a chapter 7, you are in to the end. A chapter 13 you have the right to voluntarily dismiss at any time. What is the reason for...

You need to actually file bankruptcy and have a case #. You may be able to strip the back due HOA fees if ou actually follow through with the...