If you are considering filing for bankruptcy, you may feel overwhelmed and uncertain about what it entails. The reality is that bankruptcy can be a complicated process, and it is important to understand the implications before making a decision. Here’s what you need to know about filing for bankruptcy and what it means. The Basics [...]
Bankruptcy can provide relief from debt and the ability to start over, but there are some significant drawbacks to be aware of. It is important to weigh the pros and cons of filing for bankruptcy before making a decision. Knowing the pros and cons of filing for bankruptcy can help you make an informed decision [...]
When faced with overwhelming student loan debt, it can be tempting to simply ignore the issue and hope it goes away. Unfortunately, ignoring your student loans isn't an effective solution and can eventually lead to a lawsuit. If you find yourself in a situation where a lender is suing you for your student loan debt, [...]
Student loan consolidation with the Department of Education involves changing the terms of your debt to make it more affordable. You bring together all of your federal student loans, fill out an application and promissory note, and a new loan is issued by the federal government to replace the old ones. You then only make [...]
Are you facing an auto loan lawsuit? When an auto loan goes unpaid, there are a few potential consequences. The first is typically repossession of your vehicle. But in some cases there can be further litigation involved in an unpaid car loan. Lenders have rights in these situations, but so do borrowers. As a borrower, [...]
If you have any outstanding debt, you may have received calls from a debt collection agency or letters stating information about what you owe - and demanding you pay it. It is easy to block the calls or toss these letters aside. But when someone knocks on your door and serves you with a lawsuit, [...]
Are you facing a debt lawsuit? When you have debt that goes unpaid for a period of time, you may find yourself being served with a lawsuit. Unfortunately these things don’t just go away and some creditors won’t just charge it off and leave you alone. If you’re involved in a debt lawsuit, there are [...]
Getting sued is never part of anyone’s plan in life. After all, receiving a knock at the door and being handed a summons and complaint can feel both humiliating and heartbreaking. But, how can you avoid it? You had some debt, fell on some hard times, and struggled to pay it. Now the creditors are [...]
You hear it all the time on television and in real life. Someone threatens to sue someone after an accident or incident of some kind. But what does it mean to sue someone? The legal definition of the word sue is to use a legal process by which you try to get a court of [...]
You have been sued. Now what? Should you contact the other party? How do you deal with creditors? Do you need to be prepared to argue when you go to court? What happens if you don’t do anything? What are your rights? Facing the unknowns that come with getting sued puts you in unfamiliar territory [...]
