Questions answered by Karen L Ware

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Warrant in Debt - VA - from a debt collection agency, not the original creditor.

Karen's answer | Answered on October 14, 2009

You would need to research your state's laws to determine if you can protect your settlement from being garnished or seized to pay a...

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Is a spouse responsible for the other spouses credit card debt after they die, if the credit card is in the deceased name only?

Karen's answer | Answered on October 13, 2009

Generally, you would not be liable. An individual is usually not liable for the debt of another unless he or she has agreed to this liability. ...

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Bankruptcy

Karen's answer | Answered on October 13, 2009

There are many factors that determine whether you are eligible for bankruptcy. You will also need to determine which type of bankruptcy you...

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Social Security Benefits Are Exempt from Garnishment

Karen's answer | Answered on October 07, 2009

Generally, it is up to the owner of the bank account to argue to the court that the contents of the bank account are exempt from garnishment based...

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Can my daughter get out of a contract with a debt settlement company?

Karen's answer | Answered on October 07, 2009

Many debt settlement / debt consolidation companies offer clients the option of canceling. You will need to read the contract your daughter...

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Are their any alternatives from a debt colllector that dont have as much teeth as a consent entry judgement??

Karen's answer | Answered on October 07, 2009

I think you are asking about options for settling a debt collection lawsuit that is already in progress. If the lawsuit is NOT already in...

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I had a car repo in 2002. Now they are trying to sue me also with threats of legal fees and garnish, I only make 1000 per month

Karen's answer | Answered on October 06, 2009

You may want to speak with a bankruptcy attorney. Bankruptcy can offer a lot of help in this kind of situation. If you think you will have...

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If I sign a consent judgment with disreputable HFC (2nd mort holder), is HFC protected if I file bankruptcy at a later date?

Karen's answer | Answered on October 06, 2009

Some collection attorneys will settle debt lawsuits without requiring you to sign a consent judgment. A consent judgment, in fact, is a very...

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Do you have to pay taxes on debt that you owe and cannot pay?

Karen's answer | Answered on October 06, 2009

You will not be taxed on debt unless it is "forgiven" by the creditor. This is sometimes called discharge of indebtedness income. Even if the...

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Since filling for bankruptcy I've had a financial downturn that resulted in a couple collections. How will this affect me?

Karen's answer | Answered on October 06, 2009

Collections have a very damaging effect on your credit score-- even if they are "paid" collections. Sometimes debt collectors will delete their...

Karen L Ware's Answers (162)

Warrant in Debt - VA - from a debt collection agency, not the original creditor.

Is a spouse responsible for the other spouses credit card debt after they die, if the credit card is in the deceased name only?

Bankruptcy

Social Security Benefits Are Exempt from Garnishment

Can my daughter get out of a contract with a debt settlement company?

Are their any alternatives from a debt colllector that dont have as much teeth as a consent entry judgement??

I had a car repo in 2002. Now they are trying to sue me also with threats of legal fees and garnish, I only make 1000 per month

If I sign a consent judgment with disreputable HFC (2nd mort holder), is HFC protected if I file bankruptcy at a later date?

Do you have to pay taxes on debt that you owe and cannot pay?

Since filling for bankruptcy I've had a financial downturn that resulted in a couple collections. How will this affect me?