Tuesday, July 3, 2012

Phishing and Bankruptcy

Card in pocketCan I fight the law suit? Of course. But what happens if I loose? The plaintiff will allege I made payments on the card. Even though I did not make the payments, how can one prove a non-event? Well, the answer is, it can be proven. What is not known is what it will cost to prove this. This can get expensive. For example, to prove a document does not contain your signature might require the hiring of a hand writing expert. That's right, an expert witness.

Any number of various things can lead one to having to consider bankruptcy as a means of relief. The most common include credit card debt and medical expenses. Not as common are people that have had their identity stolen. I know what you are thinking. Identity stolen? Bankruptcy?

Identity theft can totally disrupt ones life. I know. I have had it happen to me. I unknowingly and unwillingly had a credit card placed in my name. The first I knew of the credit card was when I received a law suit for the credit card not being paid. I looked at my credit report and discovered the card had been out for a couple of years!  The holder of the card somehow actually made payments on the card until the card was maxed out.

Then you have to ask, is is cheaper to file bankruptcy?

I recently received an email warning of a new phishing email that has been distributed to online stock trading customers. Apparently the email states your account statement is available online, and prompts you to click on a link that will potentially download unwanted software to your computer. 

This leads me to the realization that something as simple as clicking on a link within an email can lead one to having to consider bankruptcy as a source of relief.


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