Debt collection is a major industry in the United States. There are millions of Americans struggling to make ends meet and cover their monthly bills. These individuals may accrue debt that they can't reasonably pay off, leading to debt collection efforts. Despite how...
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Bankruptcy and the automatic stay: It’s a game changer
When you file for bankruptcy, you hope that it will immediately improve your financial circumstances. And as a result of the automatic stay, that’s exactly what happens. In short, the automatic stay is designed to stop most collection activity by creditors, which...
Chapter 7 bankruptcy can give you freedom from overwhelming debt
When your debt level becomes unsustainable, you may wind up in a situation where you're desperate just to make payments to avoid aggressive collection tactics such as lawsuits, repossession or foreclosure. People struggling to make ends meet while coping with high...