Author Archive
Debt As Opposed To Bankruptcy
With consumer debt at an all time high, owing a debt can seem very overwhelming. A great deal of people have looked into the world wide web and have seen advertisements alleging that they can offer debt relief as a quick fix. As alluring as these ads may seem, it is important to be on the lookout for the validity of the claim.
Declaring Bankruptcy: Automatic Stay And How It Protects You From Creditors
U.S. Bankruptcy Code imposes something called an automatic stay the moment that a petition for bankruptcy is filed. The automatic stay will typically prevent the enforcement, commencement, or appeal of actions and judgments against a debtor from the creditors they owe money to who are trying to collect these debts incurred prior to the bankruptcy petition. The automatic stay also protects property of the bankruptcy estate itself from collection actions and proceedings.
Unfair Collection Notices Plague Musicians\’ Parents
A few parents in Central Texas are being mailed collection letters for instruments that were rented. The only thing is, they attempted to return the musical instruments, but could not.
Medical Debt Relief Act Evens Things Out…Slightly
From 1999 to 2009, premium costs for family insurance have risen by one hundred and thirty one percent. Easily, that’s over three times the rate at which working wages rose during this time. In this time of economic hardship, millions of jobs have been lost, putting workers who just lost their jobs at risk of also living without health insurance. For those who remain employed, employers are pushing more of the costs of health insurance onto their workers as they struggle with economic uncertainty. Then there are blue collar and retail workers, waitresses and the like who are paid less, work harder and are not offered health insurance plans at their jobs. No wonder that Americans are struggling to pay their medical bills.
Spanish Collection Agency Humiliates Debtors Into Paying Up
Would you be mortified if a man in a tuxedo and a top hat followed you into a restaurant and silently joined your lunch date? How about a trio of men with more to love dressed like superheroes asking your neighbors for donations to assist you in your financial situation?
When Consumers Don\’t Pay: Tactics For Collection
Companies do well when they build relationships with their clients that are based on trust. But sometimes customers do fall behind in payments to purchase goods or services that they have received. There are a few ways to attack this issue.
Bad Debt- Getting That Monkey Off Your Back
Bad debt can sometimes feel like a monkey on your back. It’s constantly on your mind, and oftentimes the stress can be crippling. You may be able to take solace in the fact that you are not alone. There are thousands of people just like you in the United States that are going through the exact problems.
Debt Collectors And Debtors Have Showdowns In Courts
It is true that Americans with outstanding debts will usually suffer from a number of punishments. Collection letters, phone calls, unfavorable credit scores and a chance to wind up in court are examples of retributions for non-compliance.
Your Best Bet For Debt Might Be Student Loan Consolidation
Income is limited these days for everyone, who struggles to maintain the standard of living. In the past, loans carried you through college, but now that you’re out these debts have come out to haunt you. You may be contacted by various debt collectors and left a frantic mess seeking someone who can help you with a school loan consolidation.
Bankruptcy Filings Blow Up As Economy Suffers
Layoffs and pay cuts pushed more people into bankruptcy last year, and analysts say that the situation will most likely not improve until the unemployment issue improves. In Wisconsin, bankruptcy filings raised to 30 percent in 2009. This came on top of a 35 percent increase in the preceding year.
