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  • What Damages Are Available under the Fair Credit Reporting Act?

    The Fair Credit Reporting Act (FCRA) is to ensure that each person has a fair reporting of his or her credit details to interested parties when they research the person in question. When the target suffers from violations of what details should provide or how the credit report affects the person negatively, he or she may receive awards through damages in the case when successful.

  • Fair Credit Reporting Act and Improper Use of Personal Information

    The information provided by the Fair Credit Reporting Act is not for misuse or misreporting of credit details to those researching the individual person. However, sometimes, violations of the FCRA occur and harm the individual by lowering the credit score or leading to a denial or credit after the misuse occurs.

  • Benefits of Filing for Chapter 13 Bankruptcy

    The life situations that lead to the necessity of filing Chapter 13 bankruptcy are dire and filled with monetary problems where the borrower is unable to pay back his or her debts. However, even in the event where a Chapter 13 is the only possible conclusion, there are benefits that may protect and help the applicant.

  • Responding to a Creditor Lawsuit if Filing for Bankruptcy

    When filing for bankruptcy, it is important to receive letters and information from current creditors while refraining from an immediate response. During these processes, it is essential to have a professional such as a lawyer to assist with the matter and ensure that all creditors acquire the necessary response per the legal representative.

  • Can Bankruptcy Solve Home Mortgage Problems?

    Home mortgage problems often lead to default and foreclosure of the property the individual is attempting to purchase. While bankruptcy may be the last resort to solve any financial difficulty, some homeowners seek this process to try to stop a foreclosure from taking the home away.

  • Effects on Credit after Bankruptcy

    Bankruptcy is a serious process, and only those that are fully aware of what this entails should proceed with all appropriate files, records and information supplied to the officials. The effects this method of debt erasure cause are often negative and detrimental to the credit of applicants seeking to remove arrears.

  • Bankruptcy Exemptions in Texas Filings

    Texas bankruptcy filings are similar to those found in other regions of the country, but there are certain exemptions available based on specific factors. Most of these exemptions exist with what is possible to retain after the procedure has completed, and this is most beneficial to landowners and those that want to keep their vehicles.

  • Is It Necessary to Liquidate My Business If I File for Bankruptcy?

    Bankruptcy could affect how a business operates after the process has finalized, and the owner may need to liquidate the company based on which type of process he or she files. Independent bankruptcy may also affect the business entity when there are no personal assets remaining to keep the company afloat in these difficult times.

  • Bill-Pay Service Withdrew Funds Ahead of Schedule and It Affected My Credit

    Autopayment to bills and other services, when taken too early, could cause severe problems to the owner of an account. However, certain terms and services accepted could lead to these issues when the company or service is provided a specific date range to remove fees and funding based on when is best for the business.

  • Filing for Divorce When also Filing for Bankruptcy

    Going through a divorce is often difficult and may become a tricky and emotional affair, but doing so while also filing for bankruptcy is enough to break a person. It is recommended to have a lawyer for divorce proceedings, and this could affect how the bankruptcy procedure works and what is affected by either spouse.

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