What Happens at a Debtor Exam?

By: Robert J. Nahoum The Problem: You were sued by a debt collector and a judgment has been entered against you.  The judgment creditor is hell bent on collecting on that judgment and has served you with a subpoena for a debtor exam.  What is it and what should you expect? The Rules: After a judgment has been entered against […]

Why Debt Collectors Accept Nominal Monthly Settlements

By: Robert J. Nahoum THE PROBLEM: You’ve been sued in a debt collection case; you’ve explained to the debt collection attorney that money is tight and you can’t afford to pay the debt.  Nevertheless, the debt collection attorney has offered to settle the debt by you making monthly payments of only $20 each.  You’re perplexed –why would the debt collector […]