Remove Banks Remove Debtor Remove Legal Rights
article thumbnail

Can Debtors Be Legally Forced To Pay Debt With Their Cryptocurrency

Nexa Collect

Individuals can be legally forced to pay their debts with their cryptocurrency, but the creditor must have a judgment which states that the debtor is obligated to pay off the debt, including any cryptocurrency they own. Knowing whether or not the debtor owns crypto like bitcoin is of course a challenge.

Debtor 130
article thumbnail

Can a Lender Pursue Debt Collection After a Charge Off and 1099-C Issuance?

Jimerson Firm

The first consideration that lenders (banks and credit unions alike) often face is when, and if, to conclude that the account owner does not intend to, or is not able to, clear the negative balance or loan deficiency. Charging Off” Uncollectable Debt. Ocwen Loan Servicing, LLC, 8:14-CV-3214-T-35MAP, 2015 WL 12938920, at *1 (M.D.

Lender 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Secured Creditors Beware: Ninth Circuit Holds a Chapter 13 Debtor may Avoid Liens Even if not Entitled to a Discharge

The Creditors Rights

This section prohibits the granting of a chapter 13 discharge if the debtor received a chapter 7 discharge within four years prior to the commencement of his chapter 13 case. 2015) held a chapter 20 debtor may in his chapter 13 case avoid a lien under § 506(d) even if § 1328(f) precludes him from receiving a discharge.

Debtor 40
article thumbnail

Dealing with Debt Collectors

Debt Free Colorado

You have rights to help you gain control over your debt collection interactions. To learn more about pursuing your legal rights, contact your state’s local consumer agency. Because it is more limited than the federal FDCPA, the CFDCPA gives consumers stronger legal protection in several aspects. Repeatedly call you.

article thumbnail

What is the Difference Between the FDCPA and the FCCPA?

Jimerson Firm

Bank of Am. , Bank of Am., In the event of any inconsistency between any provision of this part and any provision of the federal act, the provision which is more protective of the consumer or debtor shall prevail.” Had actual knowledge that the right did not exist. Bank Nat’l Ass’n, 245 F. 3d 1175, 1205 (M.D.

article thumbnail

Can Stimulus Checks Be Garnished in California?

Direct Recovery

The key determining factor in whether or not one of the $1,200 stimulus checks can be garnished is whether or not the debtor in question has an existing judgement filed against them. In a situation where a standing judgment exists, it is possible for the person holding that judgment to garnish a portion of the debtor’s stimulus check.

article thumbnail

Domesticating and Enforcing Your Foreign Judgments With a Massachusetts Collections Attorney

Collections Law

Collecting debts from debtors having assets in Massachusetts while you are in another state or a different country used to be difficult, even if you had a judgment against them. If you are in another state or country and have obtained a judgment against a Massachusetts debtor, or if your debtor has assets in Massachusetts, we can help.