Posts Tagged ‘business debt recovery’

Tips On Recovering From Bankruptcy

In: Reference & Education

7 Aug 2010

As the recession gets worse, more and more Americans are falling into debt, and more of us are declaring bankruptcy every day. Bankruptcy can be seen as a fresh start, absolving you of much of your debt and payments, but it will also destroy your credit report, remaining there for ten years, and diminishing it by several hundred points. In most cases, bankruptcy should be seen as a last resort because of how important it is to maintain a healthy credit score. If you are forced to file for bankruptcy, there are certain measures you should take to ensure that you can get on the road to financial recovery as quickly as possible.

Massachusetts Hardens Rules For Small Claims Collection Lawsuits

In: Business

5 Jun 2010

The Massachusetts Supreme Judicial Court released last week that it has altered some of the rules governing the use of small claims courts. The Court said that the changes were created specifically to address the number of debt collection cases that are filed in small claims courts.

Bankruptcy: Automatic Stay And How It Protects You From Creditors

In: Finance

5 Jun 2010

U.S. Bankruptcy Code imposes something called an automatic stay the moment that a petition for bankruptcy is filed. The automatic stay will usually halt the commencement, enforcement or appeal of actions and judgments against a debtor from the creditors they owe money to that are attempting to collect these debts incurred prior to the bankruptcy petition. In addition, the automatic stay protects property of the bankruptcy estate itself from collection actions and proceedings.

What’s The Skinny On Debt Collectors? Pt. 1

In: Reference & Education

1 Jun 2010

Debt collectors, or bill and account collectors’ main task is to try to collect payment on overdue bills. Most bill collectors are hired out by third party collection agencies. The creditor, or the company or business that is owed the debt, will often employ outside of the company; especially if their accounts receivable department is small.

Fake Debt Consolidation Schemes To Be On The Lookout For Part Two

In: Reference & Education

27 May 2010

In the last article I spoke about seemingly disreputable debt consolidation schemes that you should be aware of. Read on to find out more about these scams….

Divorce And Bankruptcy- Making The Best Of A Stressful Situation

In: Reference & Education

19 May 2010

Divorce, coupled with bankruptcy can pose serious problems for those involved. When a married couple who no longer wishes to remain together have debts piling up and are heading for divorce, bankruptcy might be one way to sort out the financial issues. Bankruptcy has the capacity to be filed by just one spouse, or jointly. The effects of bankruptcy on divorce proceedings? Abrupt at best. An automatic stay will put an end to all activities on divorce proceedings.

FTC To Discuss Collection Litigation And Arbitration

In: Business

2 Aug 2009

The Federal Trade Commission will host a round-table to discuss debt collection and arbitration practices Aug. 5 and 6 at the Thorne Auditorium, Northwestern School of Law, in Chicago.


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