Articles discussing issues related to debt and debt collection.
If money is borrowed for the purchase of a home, and the home is security for the promissory note evidencing the loan, then the debt is usually referred to as a mortgage. These types of debts usually come with several… Continue Reading
A statute of limitations is a law that prevents a creditor from pursuing a cause of action, such as debt collection, if the creditor waits too long to file a lawsuit against the borrower. In Texas, the statute of limitations for many types… Continue Reading
The automatic stay, which goes into effect upon the filing of a bankruptcy petition, prevents many types of debt collection activities. These include calls and letters from debt collectors, lawsuits, and garnishment. The automatic stay continues until the bankruptcy case… Continue Reading
In Texas, if a defendant fails to pay a plaintiff the amount awarded them in a judgment resulting from a car accident the judgment creditor can request that the Texas Department of Public Safety suspend their license until such time… Continue Reading