Bankruptcy, Foreclosure & Loan Modification Posts in June, 2016

Know Your Rights Under the Fair Debt Collection Practices Act (FDCPA)

When you have outstanding debt, you often get calls from collection agents who are tasked with getting you to repay the money you owe. These people have a difficult job – it can be stressful to locate individuals with debt to hunt down the money their companies have the right to collect, whether they are the original lenders or they have purchased the debt from them. But sometimes, these calls can become unbearable....
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How Can I Fix My Credit After Filing for Bankruptcy?

When you file for bankruptcy, your credit can be negatively impacted. Do not let this fact alone keep you from filing for bankruptcy if you need it. While going through the bankruptcy process will require you to make sacrifices and change ingrained habits, sometimes bankruptcy is the only way for an individual to take control of his or her finances. When you complete the Chapter 7 bankruptcy process, a record of the bankruptcy stays on your credit report for up to 10 years....
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What is Chapter 12 Bankruptcy?

You know about Chapter 7 bankruptcy and Chapter 13 bankruptcy. These are the two types of bankruptcy that individuals facing substantial personal debt can file to take control of their debt. Other types of bankruptcy exist too, like Chapter 11, Chapter 9, Chapter 12, and Chapter 15. Most people are familiar with Chapter 11 bankruptcy because it is frequently discussed in the news. Chapter 11 bankruptcy allows struggling businesses to reorganize in an effort to become profitable again....
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  • Newland & Newland LLP, Attorneys, Arlington Heights, IL