It is important for debtors and creditors to understand that there is a law called the Fair Debt Collection Practices Act, which governs debt collection practices. Under the FDCPA, there are some ground rules that debt collectors must follow. The act forbids debt...
When someone is suffering with overwhelming debt, one of the best ways to obtain debt relief is by filing for bankruptcy. In many cases, a debtor may be able to prevent liquidation of all personal assets in order repay creditors, but in some situations creditors may...
Many Texas residents may be aware that global oil prices have been falling the last couple of years. This may be great news for consumers across the country when it comes to lower gas and diesel prices, but many businesses in Texas are being hurt by these lower...
Many Texas residents may be aware that most individual bankruptcies are either filed under Chapter 7 or Chapter 13 of the United States Bankruptcy Code. However, the eligibility criteria for those two types of bankruptcies are slightly different from each other. For...
Texas debtors often default on their repayment plans due to financial duress. Collection agencies have the legal right to initiate collection cases in order to be paid monies owed. Debtors who are overwhelmed by their indebtedness may have the legal right to declare...
