Personal Bankruptcy

Recovering from a bankruptcy takes some time and some work on your part but is easier than you might imagine. After a bankruptcy, you probably think it will be almost impossible to obtain anything on credit or qualify for a loan ever again. The fact is that with on-time payments you can qualify for a [...]

As debtors you will want to look for an easy solution to the sticky situation you have gotten into – not being able to pay the debt. You and the creditor may come into an agreement over the debt and he will agree to charge off the debt because it has become worthless. It is [...]

The Fair Debt Collection Practices Act (FDCPA) has a set of rules that determine what can be termed as harassment by the debt collector. Harassment can be either written or verbal. Calling you repeatedly at home or work place is a form of harassment. Harassing in any form is considered a severe violation of the [...]

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 [...]

What To Do If You Are Sued By A Credit Card Company
Being sued by a credit card company, a debt collection agency, or other creditor can be a stressful and frightening experience.  The most important thing for a person who has been sued is not to ignore the lawsuit.  A defendant in a lawsuit must [...]

Introduction
In many of the developing countries and the transition economy, the quality of the formal judicial institution is poor. The cases in the court are subject to long delay. As a result the economic agents can not depend on the courts for the protection of their property rights, leading to the high transactions costs [...]