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Bankruptcy(176 articles)

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Can You File Bankruptcy Again if You Filed in the past?

Beware of Debt Collection Scams

Nov 15, 2017 | Bankruptcy

When you have unpaid debt, the creditor you owe may hire a debt collector or debt collection agency to collect the debt on their behalf. The debt collector or collection agency will contact you regularly trying to collect the unpaid debt. This practice is not illegal, but it is regulated by the Federal Trade Commission …

read more: Beware of Debt Collection Scams
Automatic Stay - Beneficial Aspect of Bankruptcy

Automatic Stay: The Most Beneficial Aspect of Bankruptcy

Mar 6, 2017 | Bankruptcy

Many Americans are burdened by financial difficulties such as excessive medical bills, overwhelming credit card debt, underwater mortgages, job loss, etc. Filing for bankruptcy can be beneficial to those who are struggling financially. Perhaps the most beneficial aspect of bankruptcy is the automatic stay. What is an Automatic Stay? The automatic stay is an injunction …

read more: Automatic Stay: The Most Beneficial Aspect of Bankruptcy
Bankruptcy and Credit Score

Bankruptcy and Credit Score: Federal Reserve Study Reveals Truth about this Relationship

Sep 26, 2016 | Bankruptcy

One of the main reasons many individuals who are in financial stress choose not to file bankruptcy is because they have been scared by the dire warning that Filing Bankruptcy Will Ruin Your Credit. This long-held belief holds some truth. Yes, bankruptcy is reported on a filer’s credit report and it can remain visible on …

read more: Bankruptcy and Credit Score: Federal Reserve Study Reveals Truth about this Relationship