Bankruptcy is the process through which debtors can reorganize their debt to creditors. Depending on the circumstances, bankruptcy can result in a plan for making payments to creditors or a complete discharge of debt. Although there are many reasons why debtors file...
In the past, debt collectors have sometimes crossed the line when attempting to collect money. Because of this, the Fair Debt Collection Practices Act (FDCPA) came into creation. This act prevents debt collectors from using abusive, oppressive or harassing tactics....
For many of those people in New York that are struggling with debt, the freedom from collection activities from creditors that bankruptcy offers is a welcome relief. A Chapter 7 bankruptcy is often a popular option seeking bankruptcy protection. Indeed, per the...
Filing for Chapter 7 bankruptcy might be your best chance to free yourself from burdensome debt. However, you may fear that the liquidation process will deprive you of your retirement money. While this fear is understandable, the truth is that bankruptcy liquidation...
Compound interest is not exciting. However, it is essential to most financial systems. Basically, it is money that lenders earn. For example, a savings account might pay you compound interest for lending money to the bank. You might pay this type of interest to a...
New York residents like you do not want to fall back into debt once you start making your way out of it. Of course, this is often a difficult task, especially if you have years of bad financial habits built up. One of the most crucial parts of success in fighting debt...
Currently, debt collectors in New York and throughout the country are forbidden from contacting debtors by email or through text messages. However, the Consumer Financial Protection Bureau, or CFPB, issued a rule that will allow them to do so starting sometime in...
If you currently feel like you waded way in over your head in debt, bankruptcy may start looking like an attractive option. Bankruptcy may certainly help to resolve some financial problems, but it does not tackle the underlying issue of debt management. One popular...
If you have outstanding credit card debt, wish to lower your interest rates and simplify your monthly repayment obligations, you may consider taking out a personal loan. While personal loans have become a popular tool for consolidating credit card debt in recent days,...
You have been struggling with debt, and you believe bankruptcy might be the answer to your problems. If you are considering filing for bankruptcy, refraining from racking up any additional debt may be a sound move. You want to do all you can to give your bankruptcy...
