The Bankruptcy and Debt Relief Law Firm
Debtor - Creditor Bankruptcy Information
The debt relief lawyers at Ammerman & Goldberg are committed to helping people struggling to pay their monthly bills. We can help people determine whether a Chapter 7 or Chapter 13 bankruptcy is appropriate for their financial circumstances. The stress associated with financial problems can have a detrimental effect on individuals and families. Our debt relief attorneys are committed to helping people secure their financial future.
Our debt relief lawyers represent clients throughout the District of Columbia, Maryland, and Northern Virginia.
District of Maryland
Montgomery County
Prince Georges County
Charles County
Eastern District of Virginia
Alexandria (City)
Fairfax County
Arlington County
Stafford County
Prince William County
Washington, DC
District of Columbia
For more information about bankruptcy, please visit our other practice centers: Bankruptcy General, Bankruptcy Chapter 7, and Bankruptcy Chapter 13.
If you would like more information on filing a Chapter 7 or Chapter 13 bankruptcy, please fill out our Free Bankruptcy Evaluation Form or contact us by phone at any of our offices for a free telephone consultation with one of our skilled bankruptcy lawyers.
Our bankruptcy law practice represents clients throughout the District of Columbia, Maryland, and Virginia, including Silver Spring, Bethesda, Rockville, Landover, Greenbelt, Bowie, Upper Marlboro, Arlington, Alexandria, Falls Church, Vienna, Fairfax, and Washington D.C. including Prince George's and Montgomery counties.
Debtor/Creditor - An Overview
Debtor-creditor law involves the legal interactions between those parties that owe money and the parties to which the money is owed. Often an aspect of everyday life with little involvement by courts and lawyers, when debtor-creditor situations become more complicated, the legal entanglements and implications grow. That's when a competent and experienced debtor-creditor lawyer becomes an essential ally in reclaiming financial security, whether you're a debtor or a creditor. If you have debt-related legal questions, call one today.
Creditors' Legal Remedies to Help Collect Debts
When a debtor fails to pay his or her debts, the creditor, or the person or business to which the debt is owed, has several available remedies to help collect the money. These methods include non-judicial self-help remedies and remedies that involve the courts. Self-help remedies include simply contacting the debtor directly and demanding payment. If such informal attempts fail, the creditor may transfer the debtor's account to another business whose focus is debt collection, usually called a collection agency.
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Creditors' Remedies
When a debtor fails to pay his or her debts when due, the person or business to which the debt is owed has several available remedies to help collect the money. These methods include creditors' remedies that do not require court involvement, called self-help remedies, and remedies that do involve the courts, including pre-judgment legal remedies and formal court proceedings in which a judgment against the debtor is obtained. An attorney with experience in debtor-creditor law can advise both creditors and debtors about their rights and remedies with respect to overdue debts and help them maintain their financial integrity.
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Avoiding Debt
The best way to avoid never-ending pressure from creditors to repay overdue bills is to not let the bills become overdue in the first place-or better yet, to avoid, to the extent possible, getting into debt at all. But credit cards, mortgage loans, and car payments are a virtual necessity in the lives of most consumers today, and many businesses could not get off the ground without some financing up front. Still, minimizing debt and avoiding overdue bills are in everyone's best interests, debtor and creditor alike.
Even with the best of intentions, however, there may be times when an individual or business is dealt a financial blow that makes it impossible to avoid significant debt. In such cases, experienced debtor-creditor attorneys can offer essential advice on how to maintain financial integrity and move ahead toward a brighter economic future.
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Dealing with Creditors
Debtors who have faced obstacles to paying off their debts when due have no doubt received more than their fair share of demanding letters and phone calls, and sometimes the pressure of such a situation can make the thought of filing bankruptcy and getting rid of their debts quite appealing. Before making a decision to pursue that route, however, which can have long-term effects on credit rating and the ability to make large purchases in the future, debtors may wish to consider other, less drastic alternatives. Talking these options through with an experienced debtor-creditor law attorney can help make sense of the complex and confusing decisions that must be made at an already stressful time.
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Fair Debt Collection Practices Act
Collecting debts can be a time consuming, complicated operation for many businesses. Many turn to professionals-collection agencies, recovery services, attorneys-to collect debts for them. A person who gets a letter or a telephone call from a collection agency or attorney's office about a bill or debt may feel powerless. It may seem as though there is nothing that can be done to protect a person from those who are trying to collect.
The federal Fair Debt Collection Practices Act, 15 U.S.C. ยง 1692, et seq., gives some protection. Although the law will not make a debt, or a claimed debt, go away, it does give a person certain rights, and can prevent abusive actions on the part of someone trying to collect money. An attorney with experience in the law of debtors' rights will advise you about the rules that apply to the collection of debts.
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