Dynamite Divorce and other matters (DDOM)

Episode 32 PART ONE with Michael Wood - Unpaid bills and family stress - 'Debt buyers' and the attacks on you

August 20, 2021 Custody and Divorce Attorneys Barry C. Boykin and Kevin R. Johnson
Dynamite Divorce and other matters (DDOM)
Episode 32 PART ONE with Michael Wood - Unpaid bills and family stress - 'Debt buyers' and the attacks on you
Show Notes

Often added to the legal and emotional turmoil of a divorce, custody, parentage, child-support or other family-law dispute are pressures over unpaid bills and debts.  Banks and other creditors sometimes try to collect for a while, but when they give up, they "charge off" the debt and sell it to a "debt buyer" for 3 or 4 cents on the dollar.  Then, a semi-automated collection campaign can begin.

In this Episode 32, parts One and Two, Recorded on 8/10/2021, Barry, Kevin and guest Michael Wood, an experienced Chicago consumer-law attorney, discuss:

  • The clear-eyed (ruthless) way that banks and other creditors look at consumer debt.
  • How consumers live with financial uncertainty as they navigate life's ups-and-downs.
  • How -- on the other hand- banks and creditors face no uncertainty at all -- since they calculate, predict and price for the expected 'defaults.' 
  • How "debt buyers" snap up unpaid consumer debts at 3 or 4 cents on the dollar, but then attempt to collect the full amount through semi-automated pressure campaigns and lawsuits.
  • How you can now use a government-authorized website to "pull your own credit report" not once a year, but every week (for free!) - Annualcreditreport.com


  • Remember that the banks, creditors and "debt buyers" operate on a for-profit basis.
  • While banks and creditors at least provide some goods or services, "debt buyers" provide only collection pressure and stress.
  • Family-law disputes are stressful enough, but debt buyers and their attorneys try to collect payments by further increasing people's stress and turmoil.
  • Debt buyers contact neighbors and extended family -- everyone in the consumer's physical and emotional vicinity -- to increase the collection pressure.
  • A consumer-law attorney may be able to help.


Custody and Divorce Lawyers Barry C. Boykin and Kevin R. Johnson have more than 50 combined years of experience.  They know first-hand the court battles, stress and struggles that people endure as disputes are resolved in the family-court system.                

Barry and Kevin try to bring hope and clarity to a troubled world, where lawyers, judges and other professionals see the best and worst of human behavior on public display.      

Our Guest:  Chicago consumer-law attorney Michael Wood    (312) 757-1880


Free, weekly (no longer once/year) access to your own 'credit report':    Annualcreditreport.com

CARPLS - legal resources           www.carpls.org

Illinois Legal Aid Online             www.illinoislegalaid.org

Who we are:                                                                      

Attorney Barry C. Boykinwww.gclclaw.org/barry-c-boykin
Attorney Kevin R. Johnson - www.divorce.nu
Guest:  Attorney Michael Wood - https://communitylawyersgroup.com/