What happens if a debt collector garnishes your wages and freezes your bank account?

A creditor with a judgment can hit your paycheck and your account at the same time, causing major financial issues.

Debt settlement vs. debt management: Which relief option works faster?

Debt settlement and management both reduce debt, but their timelines and trade-offs differ significantly.
JD Supra

Decision by New York's Highest Court Results in Account Debtor Owing Its Counterparty's Debts

In this article, the authors discuss the implications of a decision by the highest court in New York causing an account debtor to ultimately pay double the amount that the account debtor owed. In ...
AOL

Debt snowball vs. debt avalanche method: Which payoff strategy is best for getting control of your debt?

Credit card, mortgage and other debt balances are on the rise, thanks in part to a combination of inflation and high interest rates. Credit card balances were particularly affected, increasing by 5.8% ...
The National Law Review

Is a Lender "Worthy" of Direct Payment on Accounts Receivable Owing to Its Debtor? The New York Court of Appeals Settles This Question

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
JD Supra

New Jersey Bankruptcy Court Rules That Debtor Could Not Sell its Future Accounts Receivable Prepetition

A bankruptcy court in New Jersey recently granted a debtor’s motion to dismiss the counterclaims of two creditors who purchased a percentage of the debtor’s future receivables prepetition. The court ...

How do debt relief programs work?

Debt relief” is a broad term for programs and strategies that may help people manage or resolve debt when regular payments ...