Blogs

Debt Collector Sentenced To Five Years In Prison

Attorney Ed WoodsLast week, Reuters reported that John Williams of Williams Scott & Associates LLC was convicted in federal court of conspiring to commit wire fraud. Mr. Williams was sentenced to five years in prison. He was also ordered to pay almost $4 million in restitution. Who is John Williams? I didn’t know either. But the point of this blog is to highlight what Mr.

Are You The Victim of Credit Report Errors?

Attorney Ed WoodsI recently read an informative and well written article in The Washington Post by a staff reporter for National Public Radio (NPR).

How Does Chapter 13 Bankruptcy Work?

Attorney Ed WoodsOne very powerful remedy that financially strapped consumers have is a discharge pursuant to Chapter 13 of the federal Bankruptcy Code. Chapter 13 bankruptcy is so named because it is Chapter 13 of Title 11 of the United States Code.

Chief US Bankruptcy Judge Speaks About Bankruptcy Misconceptions

Attorney Ed WoodsOn this past Tuesday, the Honorable Jason Woodard spoke in Columbus, Mississippi about what bankruptcy is and why it is necessary for some people in Mississippi. Judge Woodard is the Chief U. S. Bankruptcy Judge for the Northern District of Mississippi.

CFPB Proposes New Rule on Small Dollar Lending

Attorney Ed WoodsIn my last post, I wrote about Google’s change in its ad policy concerning payday lenders. As examined in that post, Google noted the harm these types of loans often cause for consumers. Google is not alone in recognizing the harmful effects of these loans. The U.S. Consumer Financial Protection Bureau (CFPB) has also been looking into the matter.

What is the 341 Meeting in a Bankruptcy Case?

Attorney Ed WoodsWhen I am meeting with clients to review and sign their bankruptcy petition, I always advise them that they will be required to attend a 341 meeting within a short time after the case is filed and prepare them for what to expect at the meeting. Often, my client’s reaction is one of fear. That’s understandable.