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 lawyers.com.

Find a Debtor and Creditor attorney in your area.
Select from The Following Topics
 
Do-it-Yourself Legal Forms
-  Debt Settlement Agreement-  Returned Check Notice
-  Demand for Payment on Promissory Note-  Small Claims Service
 
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
can you be threatened & sued for debt by cellphone
Ex Parte file for one missed payment.Can judgement be stopped?
Capital one credit card payment arrangement made 2012. Missed one payment. Atty filed ex parte motion for final judgement. What will happen next?
What is a notice of limited appearance in small claims case. Through legal advertisements I have be
not yet served me and the case is for Sept 5. Today I received a notice of limited appearance by a different attorney then the one that filed the case.
Student Loans - Cosigner a Creditor
My son is failing to make student loan payments and we're having to pay as co-signer. Can I be considered a Creditor and have wages garnished in order to make his payments for his student loans?
How to get wages garnished
I have a signed final judgment for $4,500 - the result of an eviction. The Defendant still works at the same place of employment and I would like the wages garnished.
view more...

Debtor and Creditor Lawyer Web Sites
 
 -  Mississippi Law - Cumbest, Cumbest, Hunter & Mccormick, P.A.
 -  Maui County Law - Tateishi & Pascual, Attorneys A Law Corporation
 -  Salem Attorneys - Harris, Wyatt & Amala, LLC
 -  Tampa Lawsuit - Westchase Law P.A.
 -  New York Attorney - Barasch Mcgarry Salzman & Penson PC
State *
City