Category : debt collection

Child support obligations are one of the nondischargeable debts some may have to deal with in bankruptcy. If you owe child support arrears, your child’s other parent has many ways to collect the money from you. He or she may head to court and ask a judge to issue a judgement for the child support […]

Creditors have many ways to collect on debts. People are most familiar with debt collectors calling or sending collection letters to try to collect on loans or debts. Even though this is the most common way to collect debt, debt collectors have other ways to get repaid. One common method is to repossess property used […]

An automatic stay stops most collection efforts on your debts during bankruptcy. It is often a welcome relief for people who have been dealing with creditors for a time. The injunction prohibits creditors from repossessing any properties, initiating or continuing any foreclosures, collection phone calls, collection letters, disconnection of utilities, bank levies, liens and wage […]

An agreement between a creditor and a debtor agreeing to be liable and continue to pay money owed even after a bankruptcy proceeding has concluded is known as reaffirmation. Usually, you do not want to reaffirm an old debt, especially in bankruptcy. Despite this, creditors encourage reaffirmation before and during a bankruptcy because they know […]

As a consumer, it is important to stay calm if a debt collector calls. You have many ways to handle the calls, including asking them to stop contacting you. The Fair Debt Collection Practices Act (FDCPA) makes it illegal for collectors harass, oppress or abuse you or anyone else they call about a debt. When […]

If you are considering bankruptcy, you should learn as much as you can before beginning the process in order to make an informed decision. A key reason many seek out bankruptcy, is to discharge any outstanding debts they may carry. When you file a chapter 7 petition, the goal is to discharge most of the […]

Once a debt surpasses the statute of limitations in Missouri, a debt collector loses the right to sue you for payment. Any debt collector threatening to sue you beyond that statute of limitation has violated the Fair Debt Collection Practices Act. Although you may still have a moral obligation to pay off the debt, you […]

When consumers receive phones calls from debt collectors, they may be embarrassed or overwhelmed, not sure what to do. Many consumers do not even realize even when they owe money, federal law protects them and grants them certain consumer rights. First of all, it is illegal for any debt collector to  harass, oppress or abuse […]