Once people are in serious financial difficulties they may
feel that bankruptcy is their only option. There are several alternatives that
may mean t...
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As soon as a debtor
files for bankruptcy, the court puts into place an “automatic stay.” This
automatic stay prevents creditors from taking any ...
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Unfortunately there are many companies seeking to make money
from those who find themselves in financial difficulties. Debt relief scams
generally p...
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It should come as no surprise that the "bailout" or "rescue" or
whatever you prefer to call it, did not provide any foreclosure relief.
Instead, th...
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Many people wait longer than they should before consulting a bankruptcy attorney. It is one of the most discouraging things about bankruptcy...
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Although
bankruptcy shouldn’t be desired as a way to get ‘out of debt,’ it is a truly
helpful process for individuals who simply aren’t able...
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A
debt collection agency is a company that works on behalf of a lender to collect
a debt that has been unpaid. This might include hospital bills, ...
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Debt consolidation occurs when an individual takes all of
his or her existing credit – which may from several lenders – and pays it back
using a...
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The most appealing aspect to filing for bankruptcy is the potential for
a discharge of all or part of one’s debt. Obviously, whether a debt is
dis...
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A bankruptcy trustee can recover assets transferred within
one year of the bankruptcy filing where the debtor did not get reasonably
equivalent valu...
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There are two types of debt: secured debt, which in effect
means that the lender or creditor is entitled to reclaim the collateral in the
event of a...
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When a debt reaches a certain age, it becomes unenforceable
by the creditor. However, this does not mean that demands for these debts will
automatic...
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