Debtor and Creditor

Debt falls into two categories; secured and unsecured. With secured debt, the borrower, or debtor, pledges to secure payment of the loan. With unsecured debt, there is no property or "collateral" pledged to secure the loan. If a loan is in default, the creditor has to right to collect from the borrower, and may use any of a number of methods to do so. Foreclosure, a method of collecting amounts owed on real property, follows strict statutory procedures. The repossession of secured personal property usually follows the state Uniform Commercial Code (UCC). To collect an unsecured debt, the creditor may have to hire a collections agency or file a lawsuit. Please read on to find a debt lawyer, attorney, or learn more about debtor and creditor information. Debt information and lawyer listings provided by

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Legal articles focusing on Debtor and Creditor Law
Request Your Free Credit Report Every Year
Your credit report is a record of all open accounts you have as well as your payment history with each of them. If you file for bankruptcy, it will appear on your credit report. Three national companies keep these records, and the law limits what they can do with the information they about you.
What It Means to Be Judgment Proof
Creditors can't obtain money or property from a debtor who is judgment proof. This means someone is insolvent, doesn't have enough assets to pay a debt or is protected by exemption laws. The debtor should consider future finances and debts when deciding whether to file for bankruptcy protection.
Servicemembers Civil Relief Act
The Servicemembers Civil Relief Act gives rights and protections to members of the military. The act helps service members focus on defending and protecting the country, and gives additional rights to military service members who take pay cuts while on active duty.
Fair Debt Collection Practices Act
The Fair Debt Collection Practices Act promotes ethical business practices by debt collectors by prohibiting their use of unfair, deceptive and abusive practices. The law applies to all persons who collect debts for other creditors and imposes criminal and civil penalties for violations.
Creditors' Legal Rights
Knowing your rights is the first step in sucessful debt collection.

Ask a Lawyer - Debtor and Creditor Law questions answered by leading lawyers
A Summary Final Judgement against me by a JDB; Unfair Hearing & Judgement based on Improper Procedur
Represented myself in hearing for Motion for Summary Judgement by Plaintiff (Debt Buyer); now have Summary Final Judgement against me.I could not afford to hire an attorney. Overview of events: ~I filed Answer w/ Denials including Affirmative Defenses (I did not specifically label each w/ as "Affirmative Defense" ~Received MSJ w/ hearing date & an Affidavit (Hearsay) from an employee of Plaintiff added to original Complaint documents ~I attended Hearing; Plaintiff's Attorney conferenced in via phone ~I asked Judge how to proceed; I requested review of claims & my Answers; request ignored by Judge ~Plaintiff Attorney stated that I did not have Affirmative Defenses, even though they were included in my filed Answer ~Plaintiff raised Verbal Evidence of a few small transactions not included in filed Complaint or Motion; transactions unknown to me; did not equate/validate amount of claim ~Judgement against me made within minutes & no consideration of my Answer to Claim
How can a creditor set a higher amount to garnish after the garnishment for a different amount of mo
The garnishment is currently ongoing. The garnishment was set at about $4K. Yesterday, I got a "Final Judgement of Continuing Writ of Garnishment" re-stating the total to be $6400.....does this mean the payroll company started the garnishment on a motion, or a proposed order?
Can I collect on a loan that has no contract?
I paid 2 car loans in the amount of $22,198.00 for a friend in financial difficulty. She paid me $300.00 per month for a period of almost 2 years. After that she moved away and started paying me only $50.00 per month and when I tried calling her, she never took my calls. She paid the $50.00 per month during 7 years and then stopped about 18 month ago. I have copies of the cancel checks I paid directly to the bank for her car loans. Since I have no contract and she doesn't take my calls, how can I collect what she still owes me?
What type of lawyer do I need?
I am being sued by a collection agency , Dyck-O'Neal for a property that was forclosed on. They are suing for damages of $64,000. We never received a notice that the debt was sold. Do we need a Debt Relief lawyer or Real Estate lawyer?
payday loan relief
Have to many payday loans. I am having a hard time paying them back. Lived in south Corolina when they were made.
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Debtor and Creditor Lawyer Web Sites
 -  Mississippi Law - Cumbest, Cumbest, Hunter & Mccormick, P.A.
 -  Maui County Law - Tateishi & Pascual, Attorneys A Law Corporation
 -  Willmar Attorney - Anderson Larson Saunders & Klaassen, PLLP
 -  Salem Lawsuit - Harris, Wyatt & Amala, LLC
 -  Tampa Litigation - Westchase Law P.A.
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