Live Q&A With a Consumer Debt Attorney | 5:15 p.m. Tonight!

TL;DR

Bankruptcy attorney John Skiba provides answers and advice on various debt-related questions, debunking myths and offering practical solutions.

Transcript

hey everybody welcome to thursday night john skiba here from the consumer warrior youtube channel and uh it's been a couple weeks so i apologize for that i've been out of town had a lot of things going on but we're in the summer now and uh back in the saddle here on the consumer warrior youtube channel again my name is john skiba i'm a bankruptcy a... Read More

Key Insights

• ❓ Intentionally incurring debt without the intention to repay it can be considered fraudulent and may complicate bankruptcy proceedings.
• ✋ Wage garnishment can be stopped through bankruptcy or by objecting to the garnishment on legal grounds.
• 🛄 Debt settlement agreements often include a mutual release, requiring careful consideration if you believe you have a valid claim against the creditor or collections agency.

Questions & Answers

Q: Is it possible to pay off a car loan with a credit card and then file for bankruptcy?

While technically possible, intentionally incurring debt with the intention not to repay it can be considered fraudulent. It's best to consult with a bankruptcy attorney for a more appropriate solution.

Q: Can I stop a garnishment by reopening a default case instead of filing for bankruptcy?

While bankruptcy often stops wage garnishment, it is possible to object to the garnishment on legal grounds. You may need to file a motion to vacate the default judgment and provide evidence to support your objection.

Q: Should I sign a mutual release when settling a debt with a collections agency?

A mutual release is common in debt settlement agreements, but you should be cautious if you believe you have a valid claim against the agency. Consult with an attorney to evaluate the potential impact of releasing any claims you may have.

Q: What should I do if a charge-off keeps reappearing on my credit report after being removed?

Charge-offs can stay on your credit report for up to seven years, even if you dispute and remove them temporarily. It's best to wait it out, as it will likely disappear after the seven-year period.

Summary & Key Takeaways

• John Skiba, a bankruptcy attorney, addresses questions and concerns related to debt problems, bankruptcy, and debt collection lawsuits.

• He advises against using credit cards to pay off car loans before filing for bankruptcy, as it can be considered fraudulent and cause issues during the bankruptcy process.

• Skiba discusses strategies to stop wage garnishment, negotiate settlements, and deal with credit card companies and debt collectors.