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No doubt it is with a feeling of relief that you have decided to file for bankruptcy protection. However, if you want the bankruptcy process to go smoothly, you must be alert to potential problems. Here are five mistakes you must avoid. 1. Failing to list all creditors The law stipulates that you list all your creditors when you file for bankruptcy. Double-check to make sure you have not missed one. If you fail to list a creditor, your trustee may not discharge the associated

When dealing with debt, the last thing you want on top of this already profound stress is the pestering of debt collectors. While debt collector harassment often gets a lot of press, that is not only wrong they can do. Debt collector misrepresentation is another big issue. But what exactly is this, and what sort of impact does it have on you? The definition of misrepresentation The Consumer Financial Protection Bureau discusses debt collector misrepresentation, which often gets minimal press compared to harassment. This is

You might disregard bankruptcy for what it is — a useful, and sometimes necessary, tool for debt consolidation. Maybe it represents a failure of money management to you. The reality is that life throws everyone curveballs and sometimes bankruptcy is to the tool to get back on your feet. Each form of bankruptcy has its advantages. According to the United States Courts, they received more than 733,000 bankruptcy petitions. 38 percent of those were Chapter 13 bankruptcies. Does that mean it is an option for

When Maryland residents fall into debt, you may come across debt collectors. These people work to ensure you pay your debts to the people you owe. Debt collection is a tricky field to navigate, though.  Sometimes, debt collectors are forceful. But the law prohibits them from harassing people they collect from. Is your debt collector harassing you?  What are examples of harassment?  The Consumer Financial Protection Bureau describes harassment by debt collectors. The Fair Debt Collection Practices Act (FDCPA) ensures that debt collectors cannot harass you.