Do you know how different state and national debt are? How about budget deficit or budget surplus? Budget deficit is an important term used when the amount of money spent exceeds the amount of money received. A budget surplus is when the amount of money received exceeds the amount of money spent. The last time … Read more

1) Respond to the Notice The first step debt collectors make by taking legal action is sending a “Summons and Complaint” notice to the person with the debt. The worst thing to do is not respond to the notice, which is surprisingly very common in the world of debt collection. Even if you do owe … Read more

In the United States of America, bad check laws are established to determine the consequences when people provide bad checks to pay for product or service purchases. If a check is bounced, it’s considered a bad check. The following page includes details on bad check penalties and steps to take if you receive a bad … Read more

What is wage garnishment? Wage garnishment is when a creditor or debt collector takes payment from a debtor directly from their paycheck or bank account. Several U.S. states have different garnishment exemptions from debt collection that protect debtors. For more information on garnishment exemptions in your state, choose a state from our list of US … Read more

Does your company make at least $4 million in revenue every year? Would you like to provide a number of your employees with a credit card and even a department that tracks credit card payments? If so, you might be eligible for a corporate credit card. All corporate credit cards are intended for businesses that … Read more

Are you in debt with multiple credit card or other kinds of companies? Have you considered pursuing debt consolidation to help fix your debt? This article will provide some of the hidden insights involved with debt consolidation to help you determine if it’s the best course of action for you. What is Debt Consolidation? If … Read more

In March 2017, we discussed the differences between Chapters 7 and 11 Bankruptcies. To recap, Chapter 7 Bankruptcies are generally filed when a business is at the end of its line. Upon filing, the company chooses to liquidate its assets and pay any obligations and debt its developed over the years. With Chapter 11 Bankruptcies, … Read more

Have you ever considered filing for bankruptcy as a means to avoid paying for debt? There are some important aspects to keep in mind before filing for bankruptcy, such as when and which kind of bankruptcy to file for. What are Chapter 7 and Chapter 11 Bankruptcies? It’s important to keep in mind that ever … Read more

Do you know if a collection agency can search a debtor’s bank account for funds to pay back debt owed to you? Imagine that you’re one of thousands who have companies that owe you money. You’ve spent countless hours and paperwork working on getting them to pay you back, not to mention court documents or … Read more

So now you’ve obtained a judgment in a debt lawsuit that allows you to collect the amount a debtor owes you. Do you know how to enforce the judgment to get the debt? Post-judgment debt collection occurs after creditors get a lawsuit judgment and move on to the debt collection steps. Obtaining Post-Judgment Debt Collection … Read more