Business & Finance: What Collection Companies Can Do to Collect Credit Card Debt

What Collection Companies Can Do to Collect Credit Card Debt

A card company charges off a credit card account when a person fails to make his required monthly minimum payments on his credit card. Credit card companies typically send these delinquent accounts to collections agencies -- outside businesses specializing in convincing cardholders to pay charged-of

Business & Finance: What If I Am Late on My Chapter 13 Payments?

What If I Am Late on My Chapter 13 Payments?

Chapter 13 bankruptcy consists of a debtor creating a payment plan for his debts. The debtor must submit monthly payments to a bankruptcy trustee for the duration of the bankruptcy case. The trustee distributes those payments to the debtor's creditors. If the monthly payments are late on a consisten

Business & Finance: How to Negotiate Debt Repayment

How to Negotiate Debt Repayment

There are many companies on and off-line offering to negotiate with lenders on your behalf. Some of them are legitimate, many are not. They promise to reduce your overall debt and shrink your monthly payments. Some are even successful. However, there's nothing that these companies do that you cannot

Business & Finance: Consumer Debt Laws

Consumer Debt Laws

Know your rights as a consumer.Debt concept - cutting a credit card image by Sophia Winters from Fotolia.comReceiving unwanted calls from bills collectors, losing sleep and worrying over debt is all too common in an economic times. Fortunately, consumers who are not being treated fairly...

Business & Finance: Is Periodic Alimony Dischargeable in Bankruptcy?

Is Periodic Alimony Dischargeable in Bankruptcy?

By filing for bankruptcy, you can erase many of your debts. The bankruptcy court grants you a discharge, and this discharge prohibits your creditors from coming after you to collect on debts you had formerly owed to them. A discharge by way of bankruptcy cannot rescue you from obligations associated

Business & Finance: What If I Sold My Home Before Deciding to File Chapter 13?

What If I Sold My Home Before Deciding to File Chapter 13?

In Chapter 13 bankruptcy, you pay off your creditors for three or five years, and then the bankruptcy court discharges most of your remaining debts. Chapter 13 cannot discharge any debt secured by collateral, such as a mortgage, but you can catch up on any back mortgage debt as part of the payment p

Business & Finance: How Are Student Loans Handled in Bankruptcy?

How Are Student Loans Handled in Bankruptcy?

You will likely be held accountable for the repayment of student loans even if you file for bankruptcy. Student loans are senior debts, and this means that they are given high priority in a bankruptcy case. If you feel you absolutely cannot repay the debts without extreme hardship, a judge may disch

Business & Finance: How to Appeal Bankruptcy in Georgia

How to Appeal Bankruptcy in Georgia

Filing bankruptcy isn't always an easy way out of debt. The judge on your case could reject your discharge -- the decision that wipes out what you owe -- if she believes you've hidden information or otherwise filed in "bad faith." This doesn't have to be the final decision if you decide to appeal to

Business & Finance: How Does a Means Test Apply to Chapter 7 Bankruptcy?

How Does a Means Test Apply to Chapter 7 Bankruptcy?

One of the requirements of filing chapter 7 bankruptcy is to undergo a 'Means Test' and to submit a Current Monthly Income report to the bankruptcy court. A means test is a three-step mathematical calculation done on income and expense worksheet that makes sure people are not abusing the b

Business & Finance: What You Should Know About Free Bankruptcy Forms

What You Should Know About Free Bankruptcy Forms

Some people feel caught between a rock and a hard place. They know they must file for bankruptcy and yet they are shot down at free counseling sessions with legal professionals who tell them they must cough up $1,500 just to file!

Business & Finance: Chapter 13 Bankruptcy Guidelines

Chapter 13 Bankruptcy Guidelines

This article covers the bankruptcy laws and guidelines according the stat of Hawaii. Find out about each chapter of bankruptcy including chapter 13 and 7 in Hawaii.

Business & Finance: Debts That One Can Not Be Relieved From During Bankruptcy

Debts That One Can Not Be Relieved From During Bankruptcy

When you get into a financial mess that incapacitates you as far as paying your creditors is concerned, you will need to file for bankruptcy. While it is true that filing for bankruptcy can give you such relief from your debts, it does not necessarily mean that all forms of debts can be forgiven.

Business & Finance: Nonprofit Debt Assistance

Nonprofit Debt Assistance

When you have debt big debt problems, sometimes it helps to have an adviser to help you get your finances back on track. Nonprofit debt assistance programs offer several levels of help ranging from teaching and advice to direct debt settlement negotiation with your creditors. Keep in mind that servi

Business & Finance: Get Even With The Banksters Using the Automatic Stay In Bankruptcy

Get Even With The Banksters Using the Automatic Stay In Bankruptcy

Back in 2007, the entire world suffered an economic catastrophe just short of a complete collapse. To stop it from happening the central banks started printing money to add liquidity to the markets. First, the US passed a stimulus bill of close to $1 trillion to bail out the too big to fail financia