debt collection practices
Date: Tue, 05/24/2005 - 13:02
debt collection practices
Hi Natasha Generally attorney fees are added in the debts. Pl
Hi Natasha
Generally attorney fees are added in the debts. Please check the laws in your state to see whether it is functional in your state or not.
However, if you have to pay the attorney fees along with the court costs associated with a discrimination lawsuit, you can claim for a tax deduction. This deduction has been available since October 22, 2004 only for the court costs and fees incurred. Though it is not limited by the alternative minimum tax, only a few taxpayers will be eligible this year.
Please do let us know if you have further queries on it.
Regards
Roxette
Debt collection practices
Hi Natasha,
Welcome to forums. We understand your situation.
Firstly, you should be aware that a creditor could add attorney fees to your total debt if it is stated in the agreement with the creditor. Furthermore, they cannot charge anything more than stated in the statute.
So as per Massachusetts law, in certain circumstances attorney fees can be 15% and a creditor can add it if it is agreed upon by both of you. In general attorney fees are 20% of the settlement amount in Massachusetts.
All the best
Peter