Is There Any Bankruptcy Or Debt Place That Will Help When Ther Is No Income Coming In?
I am in college so don’t have a job, my roomate is not in a state of being stable minded right now so he filled for his disability. Well it could take up to 4 months for them to decide if he gets it. So he has credit card collecters calling 2 -4 times a day, THE SAME ONES! So we dont’ want to do bankruptcy but most debt helpers require a job. Please help with some advice.
Tags: bankruptcy, debt, help, Income, Place, That, Ther, There, When, Will
February 12th, 2010 at 12:49 am
Unless your friend can figure out some way to pay the bills, you might have no choice but to file for bankruptcy. Who is paying the rent if neither of you are working? Who is buying the food? And why are you living with a person that is not stable minded? It sounds like a recipe for disaster to me.
Here is his rights in dealing with debt collectors. You might also want to go to the FTC website and read all of it to know what your rights are (link below)
How may a debt collector contact you?
A collector may contact you in person, by mail, telephone, telegram, or fax. However, a debt collector may not contact you at inconvenient times or places, such as before 8 a.m. or after 9 p.m., unless you agree. A debt collector also may not contact you at work if the collector knows that your employer disapproves of such contacts.
Can you stop a debt collector from contacting you?
You can stop a debt collector from contacting you by writing a letter to the collector telling them to stop. Once the collector receives your letter, they may not contact you again except to say there will be no further contact or to notify you that the debt collector or the creditor intends to take some specific action. Please note, however, that sending such a letter to a collector does not make the debt go away if you actually owe it. You could still be sued by the debt collector or your original creditor.
February 12th, 2010 at 7:30 am
If you don’t have a job you can’t pay your debts. If you can’t pay your debts, you can’t stop collectors trying to collect them. You should avoid bankruptcy if you can and I’m a bankruptcy lawyer telling you this.
So, work part-time and use the funds to pay some of your debts. I worked part-time though college, went during the day and still managed to graduate. You can too.
If your friend is disabled and creditors get judgments against him, they can’t collect anything since he doesn’t have anything. If/when he collects disability payments, I imagine he’ll need them to live on. And most state laws hold such payments to be exempt from creditors too.