Bankruptcy: What Is Automatic Stay And How Does It Protect You From Creditors
The moment that a petition for bankruptcy is filed, U.S. Bankruptcy Code imposes something called an automatic stay. The automatic stay will generally prevent the enforcement, commencement, or appeal of actions and judgments against a debtor from the creditors they owe money to who are trying to collect these debts incurred prior to the bankruptcy petition. The automatic stay also protects property of the bankruptcy estate itself from collection actions and proceedings.
Phony Debt Consolidation Schemes To Be On The Lookout For Part Two
In part one in these series of articles I wrote about potentially shady debt consolidation schemes that you should be on the lookout for. Read on to find out more:....
Jury Duty Scam Emerges As Scams Increase
According to the FBI, jury scams have existed for years. What happens is that someone will call you, telling you that you have missed jury duty, and then asks for personal information to stop you from getting arrested. But if you give the conman what he wants, you could lose your identity.
City Of Detroit Calls On Debt Collectors
The city of Detroit has paid out almost $50 million since 2004 tearing down cast away buildings. Getting rid of the dumps has been constructive, but feeble collection efforts have left taxpayers footing the bill.
What Is A Collection Company Allowed to Do?
When does a collections agent over the phone cross over the line into harassment? Collection agencies are restricted from utilizing obscene language or threats of violence. However, they are allowed to insult your integrity and make you feel bad about the person you are.