FAQs on Bankruptcy
Frequently Asked Questions (FAQs)
There are three main types of bankruptcy: Chapter 7 (liquidation), Chapter 13 (reorganization), and Chapter 11 (Business reorganization). Chapter 7 eliminates most dischargeable debts, while Chapter 13 allows you to repay debts through a court-approved plan. Chapter 11 is filed when a business is unable to repay its creditors and needs to effect a liquidation or reorganize.
Stops creditor harassment, eliminates dischargeable debt, and provides a chance for a financial fresh start.
FAQs on Mortgage Modifications & Foreclosure
Yes, filing for bankruptcy can provide an automatic stay, temporarily halting foreclosure proceedings.
FAQs on Credit Report Legal Services
Below are the questions people ask the most about credit report legal services:
Asked Question
FAQs on Credit Report Legal Services
Below are the questions people ask the most about credit report legal services:
You are entitled to a free weekly credit report. Review these reports for inaccuracies like incorrect balances, late payments that were made on time, or accounts that don't belong to you.
We can draft dispute letters to credit bureaus and creditors to challenge inaccurate information.
The Fair Credit Reporting Act (FCRA) mandates credit bureaus to investigate disputes within 30 days.
Absolutely! Removing negative or inaccurate information can significantly improve your credit score.
With a good credit score, you can enjoy many benefits including qualifying for better loan rates, lower insurance premiums, renting an apartment with ease, starting a new business with ease, and more.
FAQs on Dealing with Debt Collectors
Dealing with debt collectors can be a stressful experience. We have answered some of the most asked questions below:
The FDCPA protects you from harassment, threats, and unfair debt collection tactics.
They cannot call you before 8 am or after 9 pm, disclose your debt to third parties, or use abusive language.
Keep a record of all communications and contact us. We can help you stop the harassment and explore debt solutions.
Yes, but it's important to have legal counsel and guidance to ensure the agreement is fair and protects your rights.
Our team can stop harassing calls, negotiate debt settlements, and ensure your rights are protected under the FDCPA.