No. Before we get into the Texas two-step, it is important to understand that major corporations have all the benefits of being a “person,” but unfortunately, they incur few of the responsibilities. The Texas two-step is a method for major companies to deal with lawsuits resulting from major class-action lawsuits or “nuclear verdicts.” The process...

A recent lawsuit filed by a debtor against a law firm claims that the law firm violated the terms of the Fair Debt Collection Practices Act (FDCPA). The FDCPA is a piece of federal legislation that prevents debt collectors or agents for creditors from harassing debtors or taking illegal actions.  In this case, the debtor...

Creditor harassment occurs when a debt collector does something illegal to collect a debt. Federal law makes certain types of conduct illegal. Additionally, Indiana state law also makes it illegal to harass, annoy, or make threats against a debtor. Creditors can only threaten action that is within their ability to carry out. So, if a...

For anyone who is currently facing creditor harassment, phone calls, or lawsuits, this is important information to have. You are not liable for every debt that you owe. Every state has its own rules on how long a debt is collectible. In Indiana, a debt is collectible for 10 years. That means after 10 years,...

More and more folks in Indiana are betting on sports using popular apps. The days of bookies handing out cards at the bowling alley are long gone. Today, all you need is your phone and a credit card. Therein, of course, lies the problem. Gambling is addictive, and many lose control of the impulse quickly....

To be sure, “crypto winter” began this summer after two major companies announced bankruptcies and insolvencies. Celsius began the crypto bankruptcies, which soon resulted in a second bankruptcy of the Voyager exchange platform. Now that bankruptcy has been declared, every investor on the platform has had their assets frozen as those assets are now a...

Many Americans, for good or ill, dream of winning the lottery. All of their financial problems will be over for good, they will not have to struggle to make ends meet anymore, and they will live on a beach soaking in the sun for the rest of their lives. Right? That’s the dream, isn’t it?...

Divorce decrees are contracts that are enforceable by law. While most of the issues relating to divorce can be settled between the two individuals untying the knot, only issues involving the children require the court to sign off on them. For that reason, some weird stuff has made it into divorce decrees. Below are some...

Well, this one caught our attention. Most mortgage services will move much quicker on a foreclosure than they did with this couple. On the other hand, this couple had a few unique circumstances that helped them remain in their home without making a payment for 12 years. Essentially, the couple moved to refinance their loan...

Chances are good that if you are considering bankruptcy, your credit score may be lower than you would like. If your credit score is not good, then you will have a difficult time finding a lender willing to consolidate your loans. Does this mean that you have to file for bankruptcy? Not necessarily. But your...