Debtor, Collectors and You
The United States has always fostered the entrepreneurial spirit but entrepreneurialism comes with a price. Many famous entrepreneurs tasted the bitter pill of failure before finding success. For instance Sam Walton, Henry Ford, and J.C. Penny’s first endeavors were utter failures. But what allowed these, and other entrepreneurs, the ability to succeed is the idea […]
The Automatic Stay In Bankruptcy
The instant bankruptcy is filed, for either Chapter 7 or Chapter 13, a protective umbrella called the automatic stay is triggered which protects the debtor and the debtor’s property against the continuance of any action by any creditor. For example, the automatic stay would protect and STOP a pending foreclosure. Additionally, when filing a Chapter […]