When you file for Chapter 7 bankruptcy, an immediate and significant benefit is the cessation of debt collection calls, a relief for anyone who has been under the constant stress of dealing with creditors. This halt in collection efforts is due to an automatic stay, a powerful component of the bankruptcy filing process. Understanding the […]
Upon receiving a collection notice, it’s critical to remain composed and tackle the situation systematically. The initial step when answering a lawsuit is carefully analyzing the notification you’ve received. This document lays out the creditor’s assertions and the sum they claim you owe. Significantly, it also specifies a deadline by which you must submit your […]