I seem to spend a lot of time educating people that most everything they know about bankruptcy is just plain wrong. In fact a friend of mine just told me they were going to file bankruptcy and my answer was, “congratulations.” You see, even studies by the Federal Reserve Bank of New […]
Overhaul of Credit Reporting Companies
The three biggest companies that collect and disseminate credit information on more than 200 million Americans will change the way they handle errors and list unpaid medical bills as part of the largest overhaul in this industry in decades. Under this new agreement New York state, Equifax, Experian, and TransUnion will be more proactive in […]
Top 5 Myths about Bankruptcy
You will never be able to own anything again. FALSE. There are no restrictions in future ownership. Donald Trump & Walt Disney are examples. Filing bankruptcy will hurt your credit for 10 years. FALSE. Bankruptcy is reported on your credit report for up to 10 years, but it can drop off after 7 […]
5 Things to Do After Bankruptcy
5 Things to Do After Bankruptcy You have received your discharge after your bankruptcy, and you are ready to begin again. These are some important things to do. Collect & Preserve All Paperwork From Your Case You should have received a full copy of your bankruptcy petition from your attorney. This is […]
Student Loan Problems
Student loan forgiveness is a new target for debt resolution companies. Students are now graduating from college with upwards of 20,000 dollars of debt and no way to pay back their debt. More than half the recent grads are unemployed. If they do have a job it is a low paying one that does not […]
Kevin Newton Joins Law Office of Mayer & Newton
New lawyer! The Law Office of Mayer & Newton, would like to announce the hiring of our newest attorney. Kevin Shaun Newton graduated from LMU Duncan School of Law in 2013. Following in the footsteps of his father, John P. Newton, attorney and Chapter 7 trustee, Kevin will be practicing bankruptcy law primarily in Knoxville. […]
Judgements Explained
What Does it Mean to Have a Judgment Filed Against You? A judgment refers to a decision by a court that has entered into the public record. Before a judgment can be issued, a lawsuit must be filed against you. If you do not file an answer to the lawsuit within the time period […]
Creditors Use Scare Tactics
The Federal Trade Commission has filed a lawsuit against a group of affiliated collection agencies and their owners over the use of works like “ Federal” in their names. Collectors were adding the “Federal” to their company name implying they had the power to arrest consumers. Don’t be scared, call Law Office of Mayer & […]
Bankruptcy as a Step to Solvency
Mayer & Newton thinks this is a great read: Bankruptcy as a Step to Solvency By M.O. Dunleavey The idea of declaring bankruptcy may be unpleasant, even abhorrent, but for many people right now it could be the best option. The question is: How do you make that choice? How bad do things need […]
Tips When Experiencing a Data Security Breach
Following the recent news about Target’s data security breach regarding their PIN systems, the NationalConsumerLawCenter and Consumer Action want to provide consumers with a few reminders. 1. Your responsibility for fraudulent charges is limited under federal law. In regards to credit cards, you cannot legally be held responsible for unauthorized credit card charges, except for […]