When debts go unpaid in Virginia, the original creditors often pass these bills off to debt collectors. The Fair Debt Collection Practices Act applies to third-party collection agencies. The law imposes a lengthy list of prohibited activities, which could represent...
Debtors in Virginia who have filed for bankruptcy are immediately under an automatic stay from being pursued or harassed by creditors. If the actions of a creditor are in violation of the automatic stay, the debtor may have legal recourse.It is not uncommon for...
According to a report published by creditcards.com, approximately 43 million people across the U.S. have carried a debt balance on their credit cards in order to improve their credit scores. That amounts to 22 percent of American credit card users, and they may not be...
Virginia residents who are struggling to pay down debts and putting off filing for bankruptcy might be interested in the results of a report published in the Notre Dame Law Review. The report focuses on the pre-bankruptcy period, sometimes called the sweatbox....
When you received your well-earned degree, you didn’t anticipate the hardships you’d experience in the years to come. The market has been anything but kind to your field and the competitive job market has left little room for opportunity. You’ve had...
If a person in West Virginia has health insurance, it may still be hard to pay medical bills that he or she incurs to treat a medical condition. According to the Kaiser Family Foundation, 43 percent of adults with insurance said that they struggled to pay their...
According to information from the United States Census Bureau, the credit agency TransUnion and the Federal Reserve, people in Maryland and the rest of the country repaid $40.3 billion of credit card debt during the first three months of 2018. The amount represents...
Virginia fans of rapper Lil' Kim might have heard that she recently filed for Chapter 13 bankruptcy. She did so just before her home in New Jersey, a gated mansion worth $2.3 million, was foreclosed upon. The house is set to be auctioned on June 29. The rapper owes...
Filing either a Chapter 7 or Chapter 13 personal bankruptcy allows Virginia residents with overwhelming debt to take control of their financial situations and offers them the possibility of a fresh start. Filing a Chapter 7 petition may be the fastest and most...
Having a large amount of debt can be a shameful feeling. It may make you feel like you are bad with money. According to a NerdWallet study, the average American household has $15,983 of debt on credit cards. Clearly, you are not alone in this country. It is not...