Don’t Like Debt Collection Agencies? You’re Definitely Not Alone

Many people have accepted that debt collection agencies and debt collectors as a necessary evil. They are there to do a job and a necessary one since not all debtors are just experiencing bad times. Debt collection agencies recover astronomical amounts of money for businesses which are starved for it. But they also get many complaints filed against them, for their procedures. Debt collectors may get the job done but the way that they do it isn't always perfect. According to the Federal Trade Commission, Read more [...]

Standardizing Private Insolvency Legislation within The european union

Are you aware that currently there are 27 countries in the European Union (EU) just about every one with their own individual individual insolvency laws? The head boggles at the volume, assortment and complexities of laws and regulations which this situation must encompass. The EU not surprisingly seeks to harmonize legislation such as bankruptcy laws and regulations in member states as one of its goals. Until finally this harmonization is achieved, citizens of member countries of the EU may legitimately try to overcome their particular personal insolvency and seek to utilize a resolution inside a member country that is most favourable to their situation. In the area of personal insolvency, bankruptcy tourism has sprung up as individuals are becoming aware that they might look to solve their financial problems in a legal system other than that in which their debt was accrued. Bankruptcy tourism could very well be humorously thought as the free movement of financial solutions (or problems), going hand in hand with the free movement of labour. Read more [...]