Friday, July 8, 2016

Debt Collection Attorney vs. Debt Collection Service: Key Differences


If you are a creditor and you are unable to recover loans from your borrowers then you should consider working with a debt collection service. However, you need to understand the different types of debt collection services available out there, with the main ones being services of a debt collection attorney and of a debt collection company. While they both may sound the same, there is a huge difference between the way they operate. Understanding Debt Settlement First and the foremost, it is imperative to understand how debt settlement works. Whether you hire an attorney or a company, they will work on your behalf to collect the debts from the borrowers by either cutting deals or filing suits in the court.
http://www.ruffilaw.com/debt-collection-attorney-vs-debt-collection-service-key-differences/

Wednesday, July 6, 2016

A Bankruptcy Lawyer Discusses How to Determine Chapter 7 Eligibility


If you are thinking about filing for Chapter 7 bankruptcy, you need to understand the different criteria you will be judged on. In most cases, your bankruptcy lawyer will let you know immediately you whether or not you are eligible for bankruptcy. In general, your income needs to meet a certain threshold, you must not have filed for bankruptcy during a certain period, and you need to convince the court of your case.

Here are a few scenarios in which you won’t be able to file for Chapter 7 bankruptcy.

Your Income Meets Debt Payment Criteria

Unlike before, there is specific criteria on who can stay in Chapter 7 bankruptcy when it comes to debt repayment. Previously, it was up to the judge to decide whether you are eligible for Chapter 7 bankruptcy. For instance, if the judge believed you to have the income to fund a repayment plan through Chapter 13, then he or she had the power to force you to do so.

http://www.ruffilaw.com/bankruptcy-lawyer-discusses-determine-chapter-7-eligibility/

Tuesday, June 28, 2016

Collection Attorney: Making Sure That You Get Paid For Your Services


Chasing after your customers who haven’t paid you is stressful. Not only does it affect your cash flow, but it also wastes time that you should be spending on more important tasks. This is why hiring a collection attorney can be a wise option. You’ll find that with their help, the burden of following up over and over again will be lifted. Ways to Collect Debt Debt collection agencies can help get payment for credit card loans, late payments, and others. Collecting payment is a process, and there are various techniques on doing it. Most of the time, collection lawyers will call the customer. If it doesn’t work, a notification letter will be sent. If the customer is having a hard time paying the debt, a settlement may be discussed.
http://www.ruffilaw.com/collection-attorney-making-sure-get-paid-services/

Chapter 7 Bankruptcy and How You Can Determine If It’s Good For You


Being buried in debt can cause a lot of stress. What’s even worse is when you’re no longer capable of paying it. Don’t worry though because it’s not the end of the world. You can always look into filing a Chapter 7 bankruptcy. As long as you’re eligible, this can be your key to getting a fresh start. How Does it Work? When you’re approved for Chapter 7 bankruptcy, collection agencies will no longer be able to chase after you. It’s a way to discharge most of your debt, giving you a much-needed relief from creditors, some of whom might have been starting to harass you just to make you pay. In favorable cases, you will also be able to keep some of your possessions such as your home or car.
http://www.ruffilaw.com/chapter-7-bankruptcy-can-determine-good/

Tuesday, June 21, 2016

Dealing with Difficult Debtors

As a creditor, there may be times that you are going to deal with difficult and risky debtors. They may fail to make their payments on time, putting you in a bind. Handle these situations in a professional manner with these helpful tips.

Friday, June 3, 2016

How to Handle Bankruptcy Correctly

Falling on hard times financially is never easy to get through. For some, it may be crippling because they may have to file for bankruptcy. If you are facing this ordeal, there are several appropriate ways to respond.

Friday, May 20, 2016

What to Know about Filing for Bankruptcy

If you are severely in debt, the only viable option may be filing for bankruptcy. You can make this decision without any regrets if you are aware of certain factors.