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When You Have Debt, You a Have a Right not to be Annoyed by Debt Collectors. No question about it. It’s stressful to find yourself in debt. Your creditors have a right to expect you to pay them. When you are delinquent on payments, your creditor may sell your debt to a collection agency for less than the amount you owe.

One of the most stressful things about being in debt is the constant pressure and calls from bill collectors and creditors. It’s common for debt collectors to make harassing phone calls all hours of the day. They may threaten you with a legal action or make embarrassing calls to your family and friends.

Even in Texas, You can be just One Medical Bill Away From Financial Ruin. Regardless of how careful you may be with your finances, with the rising cost of health care, millions of responsible. Americans may be just one accident or illness away from financial ruin.

If you are already drowning in debt, having money taken out of your paycheck just adds to your financial nightmare. Wage garnishment (also called wage attachments) are court or state agency orders that tell your employer to take money from your paycheck and pay it to your creditor.

Credit Repair Service Scams make False Promises and Increase Your Debt. Reputable credit counselors provide advice on managing your money and debts and help you develop a plan to deal with your financial problems. For people who are drowning in credit card debt, this help is invaluable.

Chapter 13 Bankruptcy can Help, but it’s not the only Strategy for Debtors. Most individuals who file for bankruptcy file a Chapter 7 liquidation bankruptcy. If you don’t pass the means tests for a Chapter 7 bankruptcy, then your other bankruptcy option is a Chapter 13 debt reorganization.

There’s an old adage that nothing is certain except death and taxes. Even though you may be able to address some tax debt with a bankruptcy filing, you still must file a federal tax return with the IRS. Chapter 13 bankruptcy lets individuals and small business owners develop a plan to reorganize their debt and repay their creditors.

Whatever the reason for their debts, filing for bankruptcy is often the best way to get a financial fresh start. Generally, individuals will either file a Chapter 7 or Chapter 13 bankruptcy. A Chapter 7 bankruptcy eliminates unsecured debts, but to qualify, you must have little or no disposable income.

When people with low incomes cannot pay their debts, they get frequent calls and letters from bill collectors and are under constant stress from financial uncertainty. Chapter 7 bankruptcy provides people with debts they cannot pay a way to start over financially.

United States Trustees oversee bankruptcies in the federal bankruptcy courts. These trustees are appointed by the U.S. Attorney General. The duties of United States Trustees include the following...