Posted on
July 5, 2009
at
9:27 pm
can anyone give me info on a debt settlement attorney in california? what are the laws in my state regarding this matter? thank you
Posted on
July 6, 2009
at
5:14 am
California law in particular has a law regarding debt collection. A consumer who requests in writing that all collection efforts be stopped will not just stop receiving calls from the collection agency per se, but from the original creditor as well.
Posted on
July 6, 2009
at
5:41 am
Apparently the state's Assembly submitted a bill to Senate last month. It's called the Debt Settlement Services Act. Here, debt settlement companies will be required to provide documents to their customers prior to providing the services to their customers. Among the requirements mandated by CA law include detailed financial analysis tailor-fit for the consumer, a good-faith estimate of the fees, charges, and estimated length of the program, and various other specific provisions and disclosures on the contract. The new bill also allows consumers to cancel the agreement and receive the full amount of the refund five days after signing the contact.
Posted on
July 6, 2009
at
5:50 am
Seems to me like CA wants the settlement companies to act like credit counselors. What else are the legislators requiring?
Posted on
July 6, 2009
at
6:45 am
what if i'm divorced and we both have debts? who takes responsibility for it?
Posted on
July 6, 2009
at
11:34 am
Were any of the debts joint accounts or were they taken on separately?
Posted on
July 7, 2009
at
2:04 am
Some of them were joint and some of them were separate. i just don't think i can pay for any debt that we both owe right now, because of this divorce thing. i'm actually thinking of filing for bankruptcy already
Posted on
July 7, 2009
at
4:07 am
The debts that you incur after the divorce are owed only by the spouse who applied for that particular account. If the debt that was incurred was for the purpose of life necessities of the family, both of you are responsible for paying it. If both of you agreed to a purchase or if that particular item or service was needed to maintain a jointly owned asset, ,both of you are liable for the debt.
Posted on
July 7, 2009
at
5:14 am
I'd go against the bankruptcy idea if I were you--you only need to do that if it's an absolute last resort. You can try selling assets in order to gain some funds or borrow against your 401(k). Besides, bankruptcy has long-term effects on your credit report and your public records.
