The Automatic Stay Immediately Stops All Creditor Activity
If you are considering filing bankruptcy in Virginia, Maryland, or Washington, D.C., you should be aware of a nifty feature of the Bankruptcy Code called the Automatic Stay. Whether you file for Chapter 7 or Chapter 13, the Automatic Stay directs your creditors to cease all collection activities immediately or face court sanction. In short, […]
What is Skip Tracing?
Skip tracing (or “skiptracing”) is the imprecise and frequently inartful process of locating a person’s whereabouts by whatever means available to the skip tracer. Skip tracing tactics are most often employed by debt collectors, although the methods are also used by law enforcement, private investigators, bounty hunters, and journalists. Skiptracing is also sometimes referred to […]
Top Ten Movies About the Economic Crisis
Understanding how the economy got to where it is today is no easy task. What follows are the top ten movies about the economic crisis. Elizabeth Warren, Harvard Law Professor and whip-smart economic wonk, succinctly summarized the frightening state of our economy following the Great Recession: Tens of millions of once-secure middle class families now […]
The Top Ten Reasons For Bankruptcy
You have your own story, but so do we all. If you’re considering bankruptcy, you may feel isolated or uniquely afflicted. But you are not alone. In fact, certain recurring circumstances lead people to file bankruptcy. Here are the top ten reasons for bankruptcy. 1. Debt The primary goal of bankruptcy is to eliminate debt. In […]
Payday Loans Are Rarely a Wise Credit Choice
Payday loans are bad news. Defaulting on any loan reflects negatively on a person’s ability to re-pay debt, but not all lenders report defaulting loans. Payday loans do. There are lots of negative consequences to defaulting on cash advance or payday loans. If at all possible, you should steer clear of payday loans to avoid headaches, fees, and […]