When it comes to debt, the statute of limitations is the amount of time a creditor can take before asking the court to force you to pay for a debt. The Statute of Limitations on debt in Pennsylvania is four years. Debt collectors do not want you to know this but sometimes debt is just  … Read More

A charge off is an entry on the credit report that indicates a creditor has tried and failed to get payment, and has given up. The creditor closes the account but the debt appears as charged-off on the credit report and the creditor may continue to report the past due amount. Often creditors charge off  … Read More

When a car is repossessed or voluntarily surrendered, the vehicle is generally sold at auction. If the amount received at auction is less than the amount owed, there is a deficiency and the lender can still sue for that amount. Your lender will send you a statement showing the amount received from the auction, and  … Read More

The first step in filing chapter 7 bankruptcy is to have a detailed consultation with an experienced and knowledgeable bankruptcy attorney who will take the time to listen to your situation and provide expert analysis. Once you have made the decision to file chapter 7, you will provide all the documents your attorney has requested  … Read More