When debt collectors come calling, it is an unpleasant experience for those on the receiving end. However, debt collectors still have to uphold certain behavioral practices due to the Fair Debt Collections Practices Act (FDCPA). Unfortunately, this does not always...
Bankruptcy
Can debt collectors deceive you?
Debt collectors hold an undesirable role in the eyes of the public. They must search out individuals who owe money and find ways to get them to repay that money as fast as possible. Of course, they must operate within legal parameters that dictate what they can and...
How do Chapter 7 and Chapter 13 bankruptcies differ?
Once you lose control over your finances, it becomes increasingly difficult to get it back. You may have to pay fees and interest on unpaid debts, making it harder and harder for you to see the light at the end of the tunnel. However, some people in your shoes seek to...
Are you eligible for Chapter 7 bankruptcy?
When your debt begins to quickly outpace your income and your debtors start to call and demand payments you cannot make, then filing for bankruptcy may help you begin again. The United States Courts website reports that individuals may file for Chapter 7 bankruptcy;...
521 documents and the 341 meeting for those declaring bankruptcy
If you are going to declare Chapter 7 or Chapter 13 bankruptcy, you will soon attend the “341 meeting” for which your attorney will provide the “521 documents.” What are these documents and what is this meeting about? About the 341 meeting Also called the “meeting of...
Bankruptcy and federal student loans
Bankruptcy may be your option when it comes to alleviating financial pressure and getting a handle on your life again. Whether through a repayment plan or full loan discharging, it is a tool to assist you. One of the unfortunate realities about bankruptcy is that...
Can you prevent a second bankruptcy?
Filing for bankruptcy in North Carolina can give you an opportunity to reset your finances. If utilized carefully, this resource can enable growth and improve your situation. Identifying the root cause of your financial distress can help you make changes to prevent a...
Excellent reasons for filing bankruptcy
Many worry about the stigma that comes with declaring bankruptcy. Despite this, there are times when it is the appropriate choice. There are several advantages to declaring bankruptcy. Unfortunately, many let fear prevent them from taking this path, even if doing so...
What is the Chapter 7 bankruptcy process?
Once you know that Chapter 7 bankruptcy is a good option for your situation, you may be eager to start the process. However, you may have many questions about what the bankruptcy process will look like. One of the first things you have to do is compile paperwork. The...
How can I reduce my Chapter 13 bankruptcy payments?
You may have successfully filed for Chapter 13 bankruptcy and have come up with a repayment plan to handle your outstanding debts. But what if a sudden change in your life makes it difficult or even impossible to fulfill your plan? You may fear that a court will...