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bcohen
Registered User
Last Activity: Yesterday, 01:42 AM
Joined: 06-12-2010
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  • bcohen
    replied to calls after statue of limitations is up.
    The FCC (Federal Communications Commission) does not enforce fair debt collection laws--it is the FTC (Federal Trade Commission) which does that. If you believe that a debt collector is harassing you, in violation of the FDCPA, you can file a lawsuit against them, and potentially recover money dam...
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  • bcohen
    replied to Santander (Chrysler financial) repo?
    Even $4k at auction is well worth the cost to pick up, store and sell. Typically, the point at which a lender/lienholder considers not collecting their collateral is when the car is expected to fetch less than $2000. At that point, they run the risk that by the time they send the repo man, pay to...
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  • It sounds like the taxes should be old enough to be discharged in Chapter 7 bankruptcy. Once discharged, the IRS is not going to attempt to collect these taxes ever again, via a tax lien or any other method.

    Also, the valuation used for purposes of exemption is the private party "good...
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  • bcohen
    replied to car exemption
    Remember that for purposes of exempting a vehicle, the value used is typically "good condition" private party. A creditor (or bankruptcy trustee) selling a debtor's vehicle at auction would get less than that amount--a lot less. Creditors and panel trustees understand this.

    ...
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  • I did not use an attorney, and I certainly would not have wasted money on a "credit rebuilding" service. The discharge will automatically hit your credit reports within a few weeks, and by then all of your debts which were included in the bankruptcy should either be deleted or updated to...
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  • I agree. OP needs an attorney--one of the best in the business--to sort this out. Most people come here with typical consumer debts, and own little or nothing compared to their debts. This is outside of the scope of what most of us can advise on.
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  • Legally, the removal date is based on the date of first delinquency (DOFD) which is 30 days after the first missed payment which brought the account into default from which is was never brought current. Some creditors--especially junk debt buyers--try to illegally re-age accounts by changing the DOFD....
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