Bankruptcy is such a hard thing to go through in life but there are instances that you need to declare it so that you will be free debt and from foreclosure as well. It is so hard to face foreclosure but with the right strategy soon you will overcome and you will be debt free again. One of the best things you can do is to make a thorough research and make yourself prepared for the process that will start anytime soon.Bankruptcy is...more
Are you considering bankruptcy over your unsecured debt? More and more people are looking to bankruptcy to help them get out of their debt. While this is not always an easy decision to make, many people feel it is their only choice. What's more, with the economy and the job market being as bad as it is today, the number of people in financial distress is only getting worse. However, what is important for these people to know is that...more
How can I get the debt collector to stop calling me? This is the golden question that is on everyone's mind who is drowning in debt. Your Detroit Bankruptcy Lawyer will tell you some secrets to make that dream a reality.The main law that governs debt collectors is the Fair Debt Collection Practices Act (FDCPA) and is enforced by the Federal Trade Commission (FTC). This Act prevents the debt collectors from unfair, abusive and deceptive means to collect a debt from you. Mainly, this Act only applies to debt collectors who are collecting a debt for someone else and not the owners of the debt themselves. The Act only applies to consumer debt, and not debt you incurred to run a business.Under the Act, a debt collector cannot contact you at inconvenient times, before 8 AM or after 9 PM (unless you agree to have them call you before or after these times) and the debt collector cannot call you at work after you tell them (orally or in writing) that you can't accept calls there.The debt collector may not call someone else about your debt, unless it is to find out where you are, and then they may contact the third party only once.How can I get them to stop calling me?If you...more
In the event that you're swamped by so many overdue bills that you cannot seem to get a handle on even one of them, your best option may actually be to file for bankruptcy. Legally speaking bankruptcy means that either a person or an organization has been deemed incapable of paying off their debts. If you plan to use cheap bankruptcy...more
If you have considered filing for bankruptcy, the new bankruptcy law will affect how your debts are handled. The law is mostly negative for consumers as they will have to repay most of their debts even with bankruptcy. As a result, most consumers opt for bankruptcy alternatives like debt settlement, debt consolidation, and credit...more
Are you still hesitating between filling bankruptcy and debt settlement? Then time has reach for you to move forward taking the most appropriate and timely decision to follow a debt settlement program to get rid of your debt.Among the top rated relief solutions, debt settlement and bankruptcy rank highest due to the high number of successful cases. There for these two have become the most popular ones.But according to the experts settlement is far more better than bankruptcy when considered according to their ins and outs.If you are bankrupted, the court will make necessary requirements to convince your creditors that you are unable to pay the debt and them they will eliminate them. You can eliminate your debt for sure but there comes a problem related to your asserts. They will take hold of your asserts in place of your debt. And you will be not able to try for any other debt or mortgage for another considerable period of time.But when it comes to settlement you do not have give up all your asserts and restart your life as a penny less man. You have to spend a little money but you will be completely relieved after some time. It may be 2 to 3 years if you do not fail...more
The Recent financial instability has compelled thousands of credit card debtors to file for bankruptcy because they have lost almost all their financial resources through which they were financing repayments of their huge credit card...more
Have you ever thought that why the federal government is sponsoring and funding several debt relief programs? Does the government want to help credit card debtors? Or the government merely wants to stabilize the economy by stabilizing...more
Debt settlement program is getting countrywide popularity due to its enormous benefits. Among all the debt relief programs, this relief option is ranked at the top. But besides the availability and easy access to this relief program,...more
confirmed after the plan was finally ready to jump into your new beginning. Finally, there is no need to worry about creditors calling at all hours of fear, getting a foreclosure notice by mail, or made a part of your salary into a...more
If people or businesses find themselves overwhelmed with debt, the last resort is usually to file for bankruptcy. As much as possible to try to salvage your record and avoid bankruptcy since this is a red flag on your record and it...more
All people who consider filing bankruptcy is in deep financial debts. The problem is filing for bankruptcy cost money and sometimes a lot of money. How do you decrease cost to file bankruptcy? The answer is relatively simple. Do not be ignorant...more