Personal Bankruptcy

Our society has developed immunity to debt collection methods. Debt collectors in the US stoop to realize the payments. Most often debt collectors end up in harassing while employing aggressive methods to squeeze money from you.
Debt collectors or collection agencies that they work for, employ methods that are considered illegal and can be sued under [...]

The Fair Debt Collection Practices Act (FDCPA) was shaped by the Federal Trade Commission (FTC) and passed by the Congress to ensure fair and lawful debt collections. This Act regulates debt collectors to ensure the rights of consumers for fair collection of debts.
The FDCPA requires the debt collectors to follow certain laws. These laws are [...]

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 [...]