Bankruptcy laws help people who can no longer pay their creditors get a fresh start – by liquidating assets to pay their debts or by creating a repayment plan.
Can a Judge ever turn down a bankruptcy petition? Who notifies the creditors and bill collectors? Can I use bankruptcy to stop foreclosure on my home or to stop other actions by creditors?
Chapter 7 Bankruptcy is a federal court process designed to eliminate most of your debts. The court will appoint a trustee, who will arrange to liquidate all of your assets, with the exception of certain "exempt" assets.
A public record can be corrected or a vehicle titled by petitioning for a writ of mandamus. Mandamus (Latin for "we command") is a writ issued by a court commanding a public official to perform an action.
Depending on where you live (or have assets), you may file in Greenbelt or Baltimore. You must show that you live in Maryland or you had a business or most of your assets in Maryland.
“Debt collectors” are collection agencies, attorneys, creditors collecting for someone else, and creditors collecting under another name as well as others. Creditors collecting for themselves are not “debt collectors.” Under the Federal Debt Collection Practices Act debt collectors may not...
Credit Counseling Agencies are nonprofit agencies that help debtors work with creditors to arrange a repayment plan as a means of reducing their debt without filing for bankruptcy.
To garnish is to take property, most often a portion of someone's salary, by legal authority. Garnishment is a proceeding by a creditor to collect a debt by taking the property or assets of a debtor.
Credit is the privilege to borrow money and obtain goods today based upon a promise to make repayments in the future. Credit is not a right, but merely a privilege that can be lost if it is not used responsibly.