LGLS 0856 Lecture Notes - Lecture 1: The Debt Collector, Credit Card Debt, Loan Guarantee
Document Summary
The debt collector cannot use any obscene language. The debt collector cannot use any threats of force. The debt collector cannot call at inconvenient times. The debt collector cannot repeat phone calls. If, within thirty days after receiving written notice of the debt from the debt collector, you send a letter stating that you do not owe the money, the agency must stop contacting you. The law only applies to collection agencies. Court declaration of a person"s inability or impairment to pay creditors. It gives the debtor a fresh start by relieving the debtor of most debts. To repay creditors to the extent that the debtor has the means available for payment. Bankruptcy immediately stops any lawsuits from being filed or judgements being taken. If a lawsuit is pending at the time of the filing, it can go no further. Bankruptcy is set forth in article 1, section 8 of the constitution.
