Debt collectors, or companies that collect debts owed to other creditors, are prohibited from employing certain tactics, thanks to a law known as the Fair Debt Collection Practices Act (FDCPA). To avoid being bullied by collectors, it’s important to understand your rights with regard to delinquent debt. Time of Day For one, there are certain […]
Understanding Dischargeable and Non-Dischargeable Debt in Bankruptcy
Are you dealing with debt collectors? If you feel overwhelmed by debt, you may be considering filing for bankruptcy. This will allow you to have some of your debt erased. While bankruptcy offers relief from some debt, not all debts can be erased when you file for bankruptcy. There are debts that are dischargeable and […]
How Much Debt is Required to Qualify for Chapter 7 Bankruptcy?
Eligibility for Chapter 7 bankruptcy is not based on a certain dollar amount of debt, but on your inability to make the monthly payments on your unsecured debts. If your income is equal to or below that state median, you qualify. If your income is too high, you may be able to pass the more […]