Bankruptcy is a drastic step, and one usually taken by people who feel they have no other alternative. When you are declared bankrupt you essentially lose control of all your assets. There are certain modest personal exemption levels for different types of asset, intended just to cover the essential things you need to get by. [...]
The best way to get a comprehensive healthcare package that benefits all Americans is to immediately stop providing healthcare benefits to congressmen and senators. If our law makers had to find coverage for themselves and their families, they would have a sense of urgency to develop a fair and effective plan for ALL Americans. In [...]
Debt collectors are often liars and cheaters. They can take advantage of every loophole possible and even break the law. There are laws in place to contain their harassment and collection efforts and to make this process more civil, but most figure the risk of getting caught is minimal and that the rewards of endlessly [...]
If you find yourself in financial ruin and are facing numerous attempts of collection by debt agents, remember that federal and state laws regulate debt collection. These laws give you certain rights in dealing with bill collectors. The most important thing to do to protect your rights is to do all your business with bill [...]
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There are many Americans who are faced with the overwhelming fact that their debts have grown to such a large amount that they might have to file for bankruptcy. Chances are most people do not have a clue about how to go about this course. The first step to take is to file for bankruptcy [...]
It seems that the government bail out has been put into action prematurely. Why would you bail out credit card companies and then allow the company rescued by tax payers to then turn around and create more of a problem for consumers holding credit card debt? Lawmakers in congress should have passed laws with new [...]
Continue reading about Credit Card Companies Should Adopt Fair Practices
Understanding vehicle repossession laws is important for anyone who has fallen behind on automobile payments and is in danger of losing the vehicle. Whenever a car is purchased using some type of automobile loan, a borrower is entering into a contract with the lender. As long as the borrower is making regular monthly payments, and those payments are [...]
Being in debt causes worry enough, but what people find really upsetting are nasty phone calls from debt collectors. Yet what many do not know is that there is a simple way to stop this form of harassment. The rights of the debtor are set out in the Fair Debt Collection Practices Act or FDCPA. [...]
The economy has prompted many to seek a bankruptcy attorney to help with their personal financial crisis. Since the laws regarding filing a bankruptcy have changed so that it’s become much harder to file for a Chapter 7, which is a complete dissolution of your debts, many people have found that filing on their own [...]
There are many other provisions of the Bankruptcy Code that may affect your situation. This article contains only general principles of law and is not a substitute for legal advice. If you have questions or need further information as to how the bankruptcy laws apply to your specific case, you should consult with a lawyer. What [...]
