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Tag Archives: Debtor
Consumer Debt Settlement – How to Do
Jerry Cole asked: Concept of a consumer debt settlement is to settle a debt with a reduced amount, negotiating with the creditor and to pay a lump sum payment. This type of plan is very effective for debtors who are … Continue reading
The Basics of Consumer Bankruptcy
Joseph Devine asked: The rules of consumer bankruptcy were subject to changes under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). This act resulted in substantial changes to the bankruptcy code. These changes, while they are broad, … Continue reading
Posted in Finance
Tagged Bankruptcy Cases, Bankruptcy Code, Bankruptcy Court, Bankruptcy Estate, Bankruptcy Process, Bankruptcy Rules, Chapter 7 Bankruptcy, Consumer Bankruptcy, Consumer Protection Act, Debtor, Exempt Property, Federal Rules Of Bankruptcy Procedure, Large Portion, Secured Creditors, Substantial Changes
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Consumer Debt, a Large Concern
Usha Pradhan asked: Consumer debt is becoming a large concern as Americans are finding themselves increasingly in debt; in fact, America’s consumer debt has recently topped $2 trillion for the first time. Any debt that is used for anything other … Continue reading