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Bankruptcy is a legal procedure designed to protect both debtors and creditors. If you are considering declaring personal or business bankruptcy, or if you are owed money by a bankrupt person or business, you need to understand bankruptcy rules. Bankruptcy is governed by the US Bankruptcy Code. Bankruptcy cases are administered by special federal bankruptcy […]

If you have questions about the Fair Debt Collection Practices Act, contact the Federal Trade Commission’s (FTC) Consumer Response Center (CRC). Consumer complaints and inquiries about possible law violations that are within the investigative purview of FTC enforcement staff should be reported to the FTC’s Consumer Response Center (CRC). Such possible law violations under enforcement […]

Financial planners say the best advice is to stay put and not make any big decisions after receiving a large sum of money. “It really changes your entire perspective when you go through an inheritance,” said Barbara Steinmetz, a certified financial planner (CFP) in Burlingame, Calif. The emotional burdens of losing a loved one often […]

One of the most important financial resources survivors have to ease this struggle is adequate life insurance. Life insurance benefits, which are typically paid within 30 days of proof of death, provide tax-free cash to pay for childcare, housing, bills and final expenses. Yet many survivors often can’t find or don’t know about life insurance […]

If you’re convinced that your opponent is totally unreasonable, you may wonder why you should waste time mediating. But experience shows that when the parties to a Small Claims Court case voluntarily agree to mediate, the overwhelming majority of disputes are settled. Even when people who don’t want to mediate are forced to go through […]

An answer to the summons is filed with the court and tells the court whether you dispute the debt, or have any affirmative defenses, such as the statute of limitations or accord and satisfaction, that would prevent entry of a judgment. If you don’t file a timely answer, the court assumes you concur in the […]