Personal Bankruptcy

There has been much doom and gloom written about the bankruptcy means test under the new laws and how much more difficult it’s going to be to file Chapter 7. It’s true that there are more hoops to jump through under the new bankruptcy code and it’s true that the bankruptcy means test will result [...]

The Federal Debt Collection Practices Act (FDCPA) enforced by the Federal Trade Commission (FTC) regulates debt collection practices. The guidelines laid down by the FDCPA prohibit any kind of harassment of consumers by the debt collectors. Knowing the FDCPA guidelines helps you understand your rights as a consumer. You may sue the collector for any [...]

The answer depends on what kind of bankruptcy you are filing. If you are filing under Chapter 7 (called “liquidation” or “fresh start”), then any refund for 2009 and earlier (assuming you are filing in 2010), has to be turned over to the trustee (a court officer responsible for overseeing bankruptcy cases and distributing money [...]

Atlanta has been one of the hardest hit states during this depression. Unemployment rates are increasing, bankruptcies are sky rocketing, and morale is falling. With the increase in bankruptcy filings, a larger niche for bankruptcy lawyers has opened up and lawyers have rushed in to fill it. Some of these lawyers were previously specializing in [...]

There are two basic types of personal bankruptcy, Chapter 7 and Chapter 13. The laws changed in 2005 and now certain conditions must be met before filing for bankruptcy under either chapter. As soon as you file you get immediate protection from the harassing collection efforts of your creditors. This is called an automatic stay.
There [...]

Easy money lures some people to get into unfair practices. Debt collectors get lured by money that can be churned by playing with minds. They resort to emotional blackmail and try to weaken you relating to loan thereby making you commit for the payment of the loan.
It is worthwhile to note that many people do [...]