Questions answered by Karen L Ware

Archived

If I file bankruptcy how long does it stay on my credit report? Does it still hurt as bad since more people are filing?

Karen's answer | Answered on October 06, 2009

Every case is different and it is impossible to predict the exact effect of any event on a person's credit score. But, for many consumers, a...

Archived

If I respond to a debt collection agency does this start the Statue of Limitations all over again? .

Karen's answer | Answered on October 06, 2009

I am not licensed in Texas, but in some states "acknowledging" the debt can restart the statute of limitations. You may need to look to your...

Archived

How to file to vacate a judgment

Karen's answer | Answered on October 06, 2009

"Judgment proof" refers to whether you have funds or assets the court can force you to use to pay a judgment. "Judgment proof" does not mean the...

Archived

Credit card Judgment - how can they collect?

Karen's answer | Answered on October 06, 2009

Interest on judgments is usually 10% per year in Maryland. In my experience, the debt collectors in Maryland pursue all available remedies and...

Archived

Collection agency bought debt from previous collection agency that bought debt from credit card company and want to settle

Karen's answer | Answered on October 06, 2009

The credit reporting after payoff will depend on the relationship between the debt collector and the original creditor. If the debt was truly...

Archived

I have collection agencies calling on credit card debt that we have, i do not want to go through bankruptcy what can i do?

Karen's answer | Answered on October 06, 2009

If you do not want to file bankruptcy, you could try to work out a voluntary payment arrangement with the debt collectors. Many will settle for...

Archived

I was given a Civil Summons by the Sheriff for a credit card debt that has been sold to another company. I was given 30 days

Karen's answer | Answered on October 04, 2009

The first thing to do is file a response with the court. This response document may be called an "Answer" or it may be called something else in...

Archived

Can a collection agency charge 3 times the original debt?

Karen's answer | Answered on October 04, 2009

I am not licensed in California, so the following information should be used only as a starting point for your own research. The short answer to...

Archived

Can a newly formed LLC be taken over by a debt collector, due to a personal debt judgment?

Karen's answer | Answered on October 04, 2009

I am not licensed in MO, so the following should be used only as a starting point for your research. Will this be a single-member LLC? Under...

Archived

Can I run a new business after I declared Bankruptcy? Will the creditors garnish my money? How long can I be cleared the record?

Karen's answer | Answered on October 03, 2009

I am not licensed In Washington, so the following is not legal advice and should be used only to give you a starting point for your own research. ...

Karen L Ware's Answers (162)

If I file bankruptcy how long does it stay on my credit report? Does it still hurt as bad since more people are filing?

If I respond to a debt collection agency does this start the Statue of Limitations all over again? .

How to file to vacate a judgment

Credit card Judgment - how can they collect?

Collection agency bought debt from previous collection agency that bought debt from credit card company and want to settle

I have collection agencies calling on credit card debt that we have, i do not want to go through bankruptcy what can i do?

I was given a Civil Summons by the Sheriff for a credit card debt that has been sold to another company. I was given 30 days

Can a collection agency charge 3 times the original debt?

Can a newly formed LLC be taken over by a debt collector, due to a personal debt judgment?

Can I run a new business after I declared Bankruptcy? Will the creditors garnish my money? How long can I be cleared the record?