For some individuals who have successfully completed the bankruptcy procedure, a """"new"""" and """"fresh"""" start is cut short. Even though the debts have been discharged by the courts, some people continue to be tormented by debts that were, in effect, canceled but continue to exist as an apparition of debt that was once believed to be extinct.
Does bankruptcy resolve your financial issues? For some, the answer is a frigid and cruel """"no."""" Creditors who held a debt against you prior to your bankruptcy may transfer it to a debt buyer, who may then contact you, send you letters, and attempt to collect the discharged debt in full. Is their conduct legal? Well, no. Can they do it regardless? Yes, and for an extremely reprehensible reason: because they can. Numerous bankruptcies were caused by the mortgage crisis across the nation, and banks learned a valuable lesson from their unlawful foreclosure practices. They discovered that they could commit the same unlawful acts with minimal government intervention against credit card debt and cardholders in financial quicksand.
Once a court has discharged a debt through the bankruptcy process, the debt is completely eliminated. If a creditor, such as a bank, credit card company, or other type of debt bearer, sells your account to a debt buyer, the """"fun and games"""" can resume. You may once again find yourself in the crosshairs of an attorney or collection agency that will stop at nothing to obtain the money they """"justifiably"""" believe you owe.
The selling and purchasing of debt is one of the greatest scourges inflicted on innocent people who do not deserve the harassment or continued credit turmoil that a successful bankruptcy should have resolved. The majority of the purchased and sold financial information is defective and contains grave inconsistencies when compared to the original documentation. When processing the information, shortcuts are taken, a substantial amount of """"robo-signing"""" is committed, and this unethical practice of collecting debt that is no longer legally owed is employed. This is carried out by external firms and agencies that may be unaware (or unconcerned) that the debt has been discharged through bankruptcy. The only documentation they possess was provided by the original creditor, and they tend to accept it at face value. The situation is exacerbated by the fact that individuals who have had a debt discharged capitulate to the tactics of a debt buyer and make arrangements to pay off the debt in order to eliminate it.
If you receive a letter or phone call and become a victim of this fraudulent behavior, you should promptly contact your bankruptcy attorney. Do not attempt to defend yourself against these debt collection attorneys or agencies on your own. A court has discharged this debt and you no longer owe it, but they will never accept your word for it, and you may be sued in an effort to recover the debt. Your bankruptcy attorney has all of your personal information and case-related legal documents. Let them confront the debt buyer and inform them, in language they can comprehend, that the debt has been discharged and that the debt buyer's actions are unlawful and will not be tolerated. You have earned a second opportunity to build a stronger financial future. Don't allow someone who knows nothing about you to steal your fresh start.""
" - https://www.affordablecebu.com/
