by Cardinal Law Center | Jun 13, 2022 | Debt Collection, Debt Validation
Over the last few decades, debt-related issues have come to dominate the civil court environment. The number of debt collection lawsuits climbed from roughly 1.7 million in 1993 to around 4 million 20 years later, according to Pew Charitable Trusts data. According to...
by Cardinal Law Center | Jun 13, 2022 | Bankruptcy, Debt Collection, FORECLOSURE
Foreclosures and bankruptcies are usually handled separately. The former refers to the process that lenders utilize to reclaim their dues in the event of default, whilst the later provides debtors with a way to pay off their debts. In some cases, declaring bankruptcy...
by Cardinal Law Center | Jun 13, 2022 | Debt Collection, Debt Relife
In April of last year, the COVID-19 epidemic caused the country’s jobless rate to soar to 14.7 percent. By June 2021, it had reduced to 6%, although it was still significantly higher than the pre-pandemic 3.5 percent. Thankfully, the federal and state...
by Cardinal Law Center | Jun 13, 2022 | Bankruptcy
When individual debtors are involved in bankruptcy cases, pre-bankruptcy planning is critical. The goal is usually to establish a strategy and create an atmosphere that will maximize the likelihood of a successful bankruptcy. Typically, this is attempting to obtain as...
