Protect Yourself From Fake Debt Collectors
2 February 2016
If you've fallen behind on your bills, you are likely experiencing the relentless pursuit of past-due amounts by your creditors and collection agencies. These agencies can be extremely aggressive, since they only get paid if they collect some money from you. Even collection agencies that follow the rules can make your life miserable, leading you to consider bankruptcy as a solution. If your financial difficulties have led to collections calls, you may also be vulnerable to fake debt collectors.
Will Your Boss Find Out About Your Bankruptcy (And Does It Matter)?
29 January 2016
The high cost of divorce and the inability to handle debts incurred during the marriage and two separate households drive a lot of recently divorced people into bankruptcy, even when they have good jobs. That can put additional stress on you if you're trying to keep your private life out of the office. A lot of people worry about how bankruptcy will look to their bosses and what will happen if their employer finds out that they've been drowning in debt.
Understanding The Bankruptcy Trustee's Unique Powers
28 January 2016
There are two main goals in any bankruptcy proceeding filed by an individual. The first is to provide debt relief to a struggling consumer whose misfortunes have made him or her unable to repay a debt. The second is to make sure that all of the debtor's creditors are treated fairly and that no one creditor receives special treatment. In order to make sure that all creditors are treated equally, the law gives bankruptcy trustees some unusual powers that you should understand before you file.
Common Bankruptcy Concerns Answered
22 January 2016
It is an unfortunate fact that your creditors have the ability to take aggressive actions against you if you fall behind on your payments. This can result in the loss of your home or any other assets that you used to secure the loan, and it can even result in wage garnishments or lawsuits. Bankruptcy protection can be an excellent option for those that are facing these actions. However, if you have never considered filing for this type of protection, understanding the following couple of questions and their answers should help you to better appreciate the viability of this option.