Where Should I Report Violations Of The Law?
Although the FTC can't act as your lawyer in private disputes, information about your experiences and concerns is vital to the enforcement of the Fair Credit Reporting Act. Send your questions or …
more
Will I Ever Get Paid if the Debtor Files Bankruptcy?
That depends. You must participate in the bankruptcy proceedings and you may desire legal representation depending on the complexity of the case, the legal priority of your debt and the …
more
Property That is Exempt From Bankruptcy
Has one of your borrowers filed for bankruptcy? Are you concerned about recovering the money that you loaned to the borrower? Many creditors are concerned and rightly so. Often, a borrower who is filing for bankruptcy protection has several debtors who need to be paid from a finite amount of assets and not all of a borrower’s assets can be used to satisfy his or her debts …
more
Repossession and Foreclosure of Personal Property
In today’s age of high prices for everything from cars to furniture, from flat screen TVs to washing machines, many businesses find it necessary to allow their customers to buy things on credit. Some businesses choose not to offer credit cards or credit lines but instead allow a customer to purchase a particular item on credit which allows the business to keep a security interest in …
more