The California General Assembly on July 1, 2013 passed the Fair Debt Buying Practices Act by a unanimous vote, ushering in a new set of protections for consumers dealing with debt collectors.
The bill, which becomes effective as of January 1, 2014, will require debt buyers to have in their possession a significant amount of account information before debt collection efforts can begin.

Written by: Robert DeMarco
In the Beginning – Code of Hammurabi
The concept of debt relief, in a very general way, is traceable to the Code of Hammurabi (c. 1795 – 1750 B.C.). King Hammurabi united all of Mesopotamia and ruled for forty-three years in Babylon. The Code of Hammurabi is one of the best preserved legal documents and fairly reflects the social structure of Babylon during Hammurabi’s rule. The Code contains two hundred eighty-two laws.

Written by: Robert DeMarco
In the Beginning – Code of Hammurabi
The concept of debt relief, in a very general way, is traceable to the Code of Hammurabi (c. 1795 – 1750 B.C.). King Hammurabi united all of Mesopotamia and ruled for forty-three years in Babylon. The Code of Hammurabi is one of the best preserved legal documents and fairly reflects the social structure of Babylon during Hammurabi’s rule. The Code contains two hundred eighty-two laws.

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 02, 2013 Casey Anthony wins partial victory in bankruptcy court Textbook publisher Cengage files bankruptcy to cut debt Belle Foods bankruptcy: Grocery company struggles to pay debt

Many people are under the impression that bankruptcy will not eliminate or discharge student loan debt.  While this is true, it may not be the case for everyone.  In some cases, student loan debt may be causing the household an undue hardship.  This may allow student debt to be eligible for elimination, but even if [...]

Congress took no action so the interest rate on federal Stafford loans rose as of 12:01am July 1, 2013. We’re still here to tell the tale.
It was like a summer blockbuster movie, complete with heroes and villains, the halls of power, and tension right up to the last second.
The media jumped all over it, trying to wipe the public into a frenzy.

Many consumers and small business owners who consider bankruptcy protection are confused about the process due to many misconceptions or false information.  While bankruptcy laws were updated in 2005, there still seems to be a considerable amount of misunderstandings about who can file and whether it damages your reputation.  One of the most effective ways [...]

Every now and then I am asked whether debt from an SBA Loan can be discharged in a Chapter 7 bankruptcy.  The short answer is "yes".