Bankruptcy As Opposed To Debt

As consumer debt reaches an all time high, owing money to a creditor may seem extremely overwhelming. A number of people have looked to the internet and have seen advertisements claiming debt relief as a quick fix. Alluring as these ads may seem, it is important to be on the lookout for the validity of the claim.

What Is The Deal With Collection Companies? Pt.1

What is a collection company?

When Should You Call In A Credit Collection Agency?

You should call in a credit collection agency sooner rather than later. The longer you wait to begin the collection process on past due accounts, the less of a chance you’ll have at recovering your money.

Bankruptcy: Automatic Stay And How It Protects You From Creditors

The moment that a petition for bankruptcy is filed, U.S. Bankruptcy Code imposes something called an automatic stay. The automatic stay will generally 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.

Spanish Debt 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?