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Creditors

Understanding the New Bankruptcy Law

On October 17, 2005, a new bankruptcy law went into effect. The purpose of the bankruptcy was to restore some fairness into the bankruptcy law in terms of who could qualify. Congress had become convinced that many people were taking advantage of the system under the old law in order to get out [...]

Filing Bankruptcy Brings a Sigh of Relief!

After filing bankruptcy, you can breathe a sigh of relief. When you let creditors know you are seeking debt relief through the legal system, they have to suspend collection efforts. It doesn’t take long to realize that the USA Bankruptcy Court offers a powerful solution to those who find themselves unable to handle [...]

Auto Repossession Business: Is It Right For You?

The auto repossession business is a very lucrative industry. The business is based on a healthy market for creditors who do not wish to be responsible for the physical act of repossessing vehicles. The industry yields over a billion dollars yearly although of the general public has very little knowledge about the auto repossession [...]

Vehicle Repossession Laws: Who Do They Benefit?

Whenever you buy any type of vehicle on credit always remember that until the final payment is made on the vehicle the creditor continues to have certain rights in the vehicle. These rights are determined by the laws of the state and the contract that you signed with the lender as the seller. [...]

How To Make A Repossession Stop

There is really only one way to actually make a repossession stop, and that is to contact your creditors before the repossession process begins. In some areas and states the creditor has to legally notify you of a repossession, while in other’s they don’t. In the case of a home repossession, you will be notified [...]

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