This post is in partnership with Canterbury Law Group, and is provided for a general audience. It is not intended to act as financial or professional advice. All views expressed are my own, and were not influenced by Canterbury Law Group.
When I first considered filing for bankruptcy, I had a lot of questions. I did a lot reading online, and I read a lot of conflicting information. It was very confusing, and I didn’t know where to turn. I wanted to protect myself, and I wanted to protect any future that I might be able to build once I experienced a little relief.
For instance, once I declared bankruptcy, I didn’t want to receive a call seven years down the road and be told that I still owed $7,000 and if I didn’t pay immediately, I’d be in all sorts of legal trouble. It happens. It happened to someone I knew. An old colleague of mine was contacted about debt that they were certain had “fallen off their credit report.” Apparently, a company had bought their old debt, and called them up, ten years later, to collect.
I’m not certain of all the particulars. I’m not sure if the company provided adequate documentation of their right to collect the debt. I believe the statue of limitations had run out on that debt, and the company threatened litigation. I know that it scared my colleague enough to pay.
Now, there’s nothing wrong with paying your debts. I highly recommend it. But, if you were once in a position where you could not pay your debts, and you thought those debts were behind you – either through bankruptcy or time passed – and they suddenly reappear…well, that’s frightening. And frustrating. And maybe even illegal.
There are companies that engage in illegal debt buying practices. They will buy your old debt and attempt to collect that money from you. Sometimes the claims are legitimate. Sometimes they are not. How can you tell the difference?
Canterbury Law Group in Scottsdale, Arizona can answer questions for you. In their post on Illegal Debt Practices Commonly Associated with Debt Buying, they offer a list of ways that debt buyers practice illegal tactics.
If you have experienced any of the illegal debt buying practices, and it has affected your debt recovery plan, you can contact Canterbury Law Group for answers to your questions. Their debt and bankruptcy help could make a big difference in your debt recovery plan.
It can be a relief in itself just to talk to folks who know the ins and outs of a problem, instead of trying to figure it all out yourself. When I finally talked to a bankruptcy attorney about my situation, all the confusion melted away. I didn’t feel like I was going through it alone. It was an act of self-care. It was an act of self-preservation.