Investopedia notes that a levy means seizing a debtor’s property via legal measures to level outstanding amounts of debt. The Internal Revenue Service can levy your property or tax return. There are other ways to settle debt, such as seizing control of bank accounts or assets. It is important to know that private creditors may need […]
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Wage garnishment is a legal process whereby a chunk of your earnings is automatically extracted from your bank in an attempt to settle a debt. With wage garnishment, the debtor’s employer enters the equation, and they are now, owing to legalities, responsible for making the payment to your creditors on your behalf without you seeing
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Debt collection lawsuits can be incredibly stressful and daunting. Whether you’re dealing with a medical debt collection agency or a credit card company, knowing your rights and having a solid plan to fight back is crucial. In Corpus Christi, Texas, debtors have several legal defenses they can use to protect themselves from debt collection harassment. In
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A creditor will repossess the debtor’s property if they fail to pay their creditor in due time. Any property they’ve put up as collateral or a measure of the security interest will witness repossession if they fail to pay in time, explains the Legal Information Institute at Cornell University. If you’re subjected to the above,
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Many firms may not know that declaring bankruptcy can give them a fresh start as all of their debts and bill payments are discharged, and so it relieves a lot of stress. However, it still leaves you with financial hardship, and coping with that can be quite difficult. This time might seem exceedingly stressful and
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The most common question people ask when considering filing for bankruptcy is whether they will keep their house. Bankruptcy is a major financial decision that you should carefully think about and consider. Luckily, in most cases, you do get to keep your home. However, in some, the government may seize your property, including your home,
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Many people get frightened by the term ‘bankruptcy’ and seldom consider filing it during trying financial times. However, what they don’t know is that filing for bankruptcy can often be the best thing they do for themselves and their family. There is tons of misinformation surrounding bankruptcy, making people weary of it. This is why
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Filing for bankruptcy can seem like a straightforward process when you have hired debt relief attorneys at Corpus Christi for help. Once done, you are left with a clean financial slate but a long and complex journey toward achieving financial stability. Bankruptcy often causes a significant hit to your credit score. However, rebuilding it is
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As an employee, the compensation you get for your work is undoubtedly important. Unfortunately, not all employers are nice enough to pay you what you’re owed. In some cases, they may try to get away with not paying you at all. Such a situation can be overwhelming and frustrating. However, you have legal rights as
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