Debt collection is a difficult process made even more complex by state and federal laws that limit what collectors can do. When someone owes your Wisconsin-based company money, you may need to exert significant effort to get them to make payments. Although they may...
Many of us are familiar with the annoying question from a retail store cashier: “Would you like to save 20% by applying for a credit card today?” A lot of us live life at a fast pace. It’s easy to make quick decisions when you’re under a time crunch, and we agree to...
Debt collection is a carefully regulated industry. There are strict limitations on what a company can do to try to secure payment of a debt. Violations of these rules can lead to court hearings and major financial penalties. Those trying to collect on a debt can take...
Debt collection and bankruptcy laws have to carefully balance the needs of financial businesses with the needs of consumers. Businesses that lend to others generally expect timely repayment, while consumers want to receive dignified treatment, even if they fall behind...
If you cannot pay your debts, the company you owe may hire a debt collector to persuade you to pay. The thought of that might strike fear into you. The popular image of a debt collector is a couple of heavy-set men in ill-fitting suits knocking on your door with a...
When you run a business, your unpaid accounts can be a serious problem. You rely on your clients, customers, distributors and others to pay their bills. When they don’t, you need to leverage every available method of collection at your disposal. For the most part,...
You can see it now. Your children stood around your grave, half an onion in their pockets so they can shed a few mock tears for you, waiting to throw the mud on your coffin and get their hands on your estate. However, you have a surprise for them. Rather than...
Bankruptcy is a complicated issue that can vary from state to state but each chapter of bankruptcy uses the same terminology and follows the same basic process. There is the debtor, which is the person who has debt or owes money to a creditor. The debtor can either be...
If you’re considering filing for bankruptcy, there are many things you should take into consideration. There are some things that you may be doing that could actually be hurting your bankruptcy case. It is always a good idea to talk to a bankruptcy attorney if you are...
