Filing a lawsuit against a debtor is not a creditor’s first choice.  A lawsuit usually comes after many months and sometimes years of chasing after a non-paying debtor. Creditors know that even if they file a lawsuit, it can be quickly neutralized with bankruptcy .

When a debtor fails to respond to a creditor lawsuit, the creditor will win a “default …

Tags: Creditor Judgement Lawsuit wage garnishment

According to an article in the Star-Telegram , American Corrective Counseling Services, a debt collection company has agreed to a $2.55 million judgment to settle a lawsuit brought by thousands of debtors who claimed they were wrongly led to believe they had to pay costly fees to avoid criminal charges for bouncing checks.

The article said:

“The company sent out letters as recently as …

Tags: American Corrective Counseling Services Debt Collector Judgement

The Consumer Law & Policy blog has a very revealing article about a judge in Indiana that took it upon herself to give indigent debtors a choice–”pay up” or “go to jail.”

The blog writer provided the transcript of an exchange between the debtor and the judge:

The Court: “So we’re here today for you to explain what you’re going to do to pay this off.”

Mr. Button: …

Comment by Brenda: … should…bet your judgement and mouthy crap would change …

According to an article in the Star-Telegram , a bankruptcy judge has approved the General Motors’ sell of its assets to a new company.

The article said:

“U.S. Judge Robert Gerber said in his 95-page ruling late Sunday that the sale was in the best interests of both GM and its creditors, whom he said would otherwise get nothing…”As nobody can seriously dispute, the only …

Comment by CLEVELAND WARD: … stall.I reqquest a judgement of $3500 to fix my vehicle …