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 lawyers.com.

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Collections Creditors Rights

Forms and Videos

Forms

-   Bad Check Notice by State -   Credit - Challenge to a Denial of Credit by State

-   Credit - Request Positive Report by State -   Dispute Fraudulent Credit Card Transaction by State

-   Credit Card Inquiry by State -   Credit Card Lost or Stolen by State

-   Credit Card - Refuse Charge by State -   Credit Report Challenge by State

-   Credit Report Request by State -   Demand for Money Owed by State

-   Mechanic's Lien Waiver by State -   Past Due Letter - 30-Day by State

-   Request for Bank or Credit Reference by State -   Past Due Letter - 60-Day by State

-   Request for Monthly Statements by State -   Past Due Letter - 90-Day by State

-   Request to Cancel Credit Card by State -   Response to Payment Request by State

-   Stop Payment on Check by State

Videos

-   What's on my credit report?

Ask a Lawyer - Debtor Creditor Law questions answered by leading lawyers Can a Lien Be Placed Upon My Property Without My Knowledge? During a recent real estate transaction, it was brought to my attention that a lien was put on my property by a former creditor. If I was never served a summons how then could a judgement have been rendered and a lien be put on my property? How do I proceed with trying to recover the monies held in escrow during my real estate transaction? Is The Following Business Opportunity With Regard to "Judgement Recovery" Viable? I have recently received information about a business opportunity regarding "judgment recovery." The business is descibed as follows: * Find a person or business that has a usatisfied small-claims judgment. * Have the plantiff sign a "Ackowledgment of Assignment of Judgment" transfering the ownership of the judgment to the recovery specialist and file the document with the JP court. *Find the defendants assets. *Seize assets by "Writ of Execution" or garnishments. *Receive recovery check from county. *File "Acknowedgment of Satisfaction of Judgment" with JP court. *Disperse the agreed upon percentage with plantiff. My question is once the judgment is assigned to the recovery specialist, may he or she now proceed to satisfy the judgment as if he or she was the original plaintiff? In addition, would the recovery specialist be defined as a creditor under the Fair Debt Collection Practices Act? How Do You Pierce the Corporate Veil? Could you give me more information on piercing the corporate veil. Personal Jurisdiction? It Is Not As Difficult As It Sounds. I have an ex-employee that I sold a portion of my business to. We have a contract for the amount of purchase. Now he has left the state. Is it possible to get a judgement against him when he is not in the state to receive a summons? Can I Discharge My Student Loans? I have defaulted on $20,000 worth of student loans, and random doctor bills. I am currently being garnished for the student loans. My credit is horrible. I made mistakes when I was young. What can I do to repair what I''ve done? I was told that I couldn''t file bankruptcy for the student loans.