What should i do I took out a loan and put small items on collateral like an xbox, dvd player, and a tv but no longer have them?

I have dealt with the successfully in bankruptcy, resulting in a discharge. There are ways to deal with this even if they start challenging your...

Can private loans be consolidated?

Not much you can about private loans. Federal loans, yes. You can contact the servicer and see if they will settle for cash.

Can I sue a law firm?

Find out more about your rights with debt collectors at the link below, or find a consumer attorney to consult with in your area using...

The reaffirmation agreement can be tricky to fill out. Here in Ohio, you won't even bother with a hearing unless a box was checked wrong, or the...

My wife and I are over the income the means test to file bankruptcy, Can I still file?

Yes, you can file. Being "over" the median is not an automatic deal breaker for Chapter 7. You do, however, have to complete the means test...

If you have complaint filed can you still just pay the settlement amount to a collection agency?

Only the collection agency, or their attorney, can agree to the dismissal of the lawsuit pursuant to a settlement of the judgment.

Could an SSI recipient with 70% debt to income ratio be considered a qualified cosigner on a private student loan in 2008?

If "he") signed on the dotted line, then he is liable as a co-signer. However, the good news is that basically any lawsuit filed on behalf of the...

Last Christmas (2013), I bought my mother a $2000 necklace. This year I want to file Chapter 7 bankruptcy. Is this ok to do?

This could be a fraudulent transfer. Your creditors would wonder why you were giving away expensive necklaces and not paying them with this money....

What do I do if someone is filing for a default judgment? is there any response I can take to counter it before it is confirmed?

You need to file a response. Better yet, hire an attorney to do it so that it gets done correctly. Yes the Court is giving you just one last...

If I file bankruptcy does that also include taxes from IRS and state?

You must list the debt, even it is not dischargeable, it is still a debt. IRS taxes can be discharged, but there are five (5) rules to meet and...