Helping People Recover from a Debt Crisis

What Happens In A Debt Collection Lawsuit?

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According to Credit.com, there are seven different ways to defend a debt collection lawsuit. With so many different options to consider, it is normal for you to wonder what to expect. Two Most Effective Defenses There are just two defenses that tend to be effective when it comes to debt collection lawsuits. The first will allow the consumer to provide evidence of the debt not belonging to him or her. The second involves a defense that will aid the consumer in reaching a lower settlement price for the debt acquired. Read More»

Faqs About The No Asset Bankruptcy

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When you file for Chapter 7 bankruptcy, the trustee has the right to take possession of some of your assets so that he or she can sell them to pay off creditors. However, if you do not have any assets that the trustee can take, you might have to file a no asset bankruptcy. Here is what you need to know about the process.  What Is a No Asset Bankruptcy? Read More»

Addressing Common Questions About Filing For Bankruptcy

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There is a common misconception that people only need to file for bankruptcy because they have been irresponsible with their money. However, this is not always the case, and there are a variety of things that can force a person to seek this type of protection. You may not be familiar with this type of legal protection, and as a result, you may benefit from learning the following answers to common bankruptcy law questions. Read More»

Facing Foreclosure? Does Your Lender Have The Right To Sue?

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If you’ve fallen behind on your monthly mortgage payments, you may have already begun receiving threatening letters from your bank or mortgage lender. After a certain period of time has passed without payment, you’ll be declared in “default” and the bank will file a lawsuit to foreclose your mortgage. However, in today’s mortgage market, where loans are bought, packaged, and sold multiple times over the life of the loan, the bank that files a foreclosure lawsuit may not even be owed money. Read More»

Filing For Bankruptcy: Reversal Of Preference Payments To Insiders

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With the U.S. economy still struggling to climb out of debt, many Americans are looking to catch a break financially by filing for bankruptcy. The final count for 2014 U.S. bankruptcy filings was approximately 910,090. And during hard times, most people turn to family members and friends to help them out, and many people have asked family members and friends for a loan. However, problems can and will happen when you attempt to pay your relatives and friends back before you file for bankruptcy. Read More»