Learning About Bankruptcy Proceedings

  • Debt Collectors Calling Post-Bankruptcy? What Should You Do?

    18 March 2015

    If you've recently had your eligible debts discharged in a Chapter 7 bankruptcy, you may be relieved at the thought of no longer receiving threatening phone calls, voicemails, or letters from your creditors. However, in some situations, you may find yourself receiving these communications months (or even years) after your bankruptcy has been finalized. What can you do to quash these contacts and prevent further damage to your credit report? Read on to learn more about what causes some creditors to continue to contact you after your debt with them has been vacated.

  • Debt-ridden Businesses Can And Should File Chapter 7 Bankruptcy

    18 March 2015

    Any type of business can file for Chapter 7 bankruptcy, which is a liquidation bankruptcy that wipes out most of business debts. This is actually a good move for businesses that are debt-ridden and have little income--businesses that have income so inadequate that there is little chance of being able to repay debts and continue running. While there may still be some debts left to pay, in many cases Chapter 7 can be a business's best move.