How to Deal with Difficult Debtors

If you are a creditor, you have likely dealt with a difficult debtor. Collecting money from them may be a rather complicated process. It doesn’t have to be a stressful scenario if you know what steps to take when these situations arise.

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Useful Tips When Filing for Chapter 7 Bankruptcy

Chapter 7 bankruptcy is the process of liquidating assets to help pay back debts to creditors. If you are going through such a scenario, this process may seem scary, and you may not know what the future holds for you financially. Get through this tough financial situation by knowing several key details.

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Tips on Hiring a Collection Attorney to Defend You Against a Lawsuit

When served a lawsuit, you have about five days to respond. Failure to do so will When a collection lawsuit is filed against you, consider hiring a collection lawyer right away. Thinking of representing yourself in court or taking the lawsuit for granted will not do you any good. If the court determines your lack of response, it can make a judgment without proceedings, and that judgment will almost always not favor you. Here are some tips that can help you when hiring a collection attorney.

lead to a court judgment against you. Given this, you must take immediate action and look for a lawyer who can help you deal with the problem. You need someone who understands the law governing debts and knows how to respond quickly to the summons attached to the lawsuit.

Eligibility Tips to Follow When You’re Filing for Chapter 7 Bankruptcy


Those who are no longer capable of paying all their debts can choose to file for Chapter 7 bankruptcy. Under this process, a debtor will liquidate assets to produce amount that can be used to pay the creditor. The creditor will then discharge the remaining debt, allowing the debtor to have a fresh start without any unpaid bills. Not everyone, however, is eligible for Chapter 7 bankruptcy. If you’re planning to use this option to get rid of your debts, first determine your eligibility.

Pass the Bankruptcy Means Test

The means test is designed to determine if your income level is indeed low enough for a bankruptcy. This is carried out by comparing your monthly income with the median family income the state sets for the size of the family you have. If your monthly income is higher, you won’t be approved for Chapter 7 bankruptcy. You can, however, try a Chapter 13 bankruptcy.