The Rise of ‘Zombie Debt’ (old) and How Bankruptcy Can Help Get Rid of It.
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The Rise of ‘Zombie Debt’ (old) and How Bankruptcy Can Help Get Rid of It.
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About this listen
Episode Summary:
In this informative episode, host Abigail Vaca and bankruptcy expert Barry Levine discuss the phenomenon of zombie debt - old debts that resurface years later. Barry explains how these debts can come back to haunt people, the legal implications, and how bankruptcy can provide protection against such claims.
Key Timestamps:
00:00 - Introduction
00:28 - Discussion on forgotten debts
01:37 - Explanation of judgments and mortgage situations
04:07 - Legal challenges with zombie debt
05:34 - Statute of limitations and debt collection
06:41 - How debt collectors target individuals
08:09 - Prevention strategies and bankruptcy protection
09:50 - Closing remarks and contact information
About the Show:
"Bankruptcy Through the Looking Glass with Barry Levine" provides expert insights into bankruptcy law and debt management. Each episode features practical advice and real-world examples to help listeners understand complex financial and legal matters.
Connect with Barry Levine:
Website: levineslaw.com