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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-  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
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.
my creditor called today and said they were filling repo paper work thursday if i make a payment fri
My creditor called me today and said my last payment was returned and they would be filling reposition paperwork today. The repo is not "active/approved" yet, and I made a payment araingment for two full payments on friday. How long does it take for my car to be picked up from the repo man once the creditor has submitted the paperwork. Should I be ok for 1-2 days(thursday-Friday afternoon)? or does the repo man show up immediately ?
Can I be sued by a friend for a personal loan
A friend of mine loaned me $600 and I signed a piece of paper saying that I would pay him back. It was not notarized or anything and he had his girlfriend sign it as a witness. I repaid the loan and forgot to get the paper from him. Now he is saying that if I do not pay him, again, he will sue me for the money. Can he sue me with just a handwritten letter saying I would pay him by a certain date with only his girlfriend as a witness?
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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
 -  Salem Attorneys - Harris, Wyatt & Amala, LLC
 -  Tampa Lawsuit - Westchase Law P.A.
 -  New York Attorney - Barasch Mcgarry Salzman & Penson PC
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