By Andy Miofsky, Illinois Bankruptcy Attorney on Mar 4, 2007 in Automatic Stay, General Bankruptcy Information, Illinois | 0 Comments
The filing of a Voluntary Petition in bankruptcy results in the issuance of an Order For Relief under Section 362. This order, commonly called the automatic stay, enjoins creditors and their agents from taking certain collection activity outside of the bankruptcy proceeding. The most common collection method is the telephone call. In If My Creditor’s Keep Calling Me After [...]
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By Stephen Otto, Pennsylvania Bankruptcy Attorney on Mar 4, 2007 in Financial Resources on the Web, Personal Finance | 0 Comments
Recently, Bankrate provided an article which thirteen important terms which appear in most credit card agreements. These terms are critical for a proper understanding of what you are getting yourself into when you buy goods using credit. The terms include Annual fee, Annual percentage rate (APR), Introductory rate, Average daily balance, Preapproved, Balance transfer, Secured card, Cash-advance fee, [...]
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By Kevin Gipson, New Orleans Bankruptcy Attorney on Mar 4, 2007 in General Bankruptcy Information, Louisiana | 2 Comments
You filed for bankruptcy and your creditors keep calling in spite of the fact that you have told them to stop. Can you record the telephone call?
The answer will depend upon the state in which you live.
Some states prohibit recording of telephone calls unless all participants consent. Others, like my state, Louisiana, allows recording if [...]
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By Stephen Otto, Pennsylvania Bankruptcy Attorney on Mar 4, 2007 in Credit Reports, Personal Finance | 0 Comments
You may recall the senate banking committee hearings held in late January on the practices of the credit card industry in which the members of the committee decried with an almost unanimous voice the most notorious of these practices, including “universal default” and capricious increases in interest rates. The committee threatened to impose more regulation on the industry if these abuses were [...]
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By Kevin Gipson, New Orleans Bankruptcy Attorney on Mar 4, 2007 in Automatic Stay, Bankruptcy Practice and Procedure, Benefits of Bankruptcy, Foreclosure Issues, General Bankruptcy Information | 0 Comments
While it is not the ideal to wait to the last minute to file for a bankruptcy, it is possible to file for an Emergency Bankruptcy to stop an action to foreclose on a home, stop a wage garnishment or to stop some other action that may cause you financial harm. Filing for bankruptcy [...]
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By L. Jed Berliner, Springfield Bankruptcy Attorney on Mar 4, 2007 in Financial Resources on the Web, General Bankruptcy Information, Massachusetts, Personal Finance | 0 Comments
(Pause.) I cannot imagine the struggle, the pain you suffered to get here. It hurts.
Kurt Vonnegut wrote that a step backwards after a wrong turn is a step in the right direction. You’re taking that step, and your life will get better.
Bankrate.com is a fine website with many, many financial articles of value. One is [...]
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