Find a Debtor Creditor Lawyer

A debtor is a person who owes another entity (creditor) money. Both federal and state laws have been established regarding debtor-creditor scenarios. With the exception of bankruptcy proceedings, enforcement of these laws falls under the jurisdiction of state courts. Attorneys represent either debtors or creditors in resolving debt disputes. Understanding the Laws and Your Rights Consumer Credit Protection Act — This act prohibits employers from discharging employees whose wages have been garnished for a debt. It also limits the amount of employee earnings that can be garnished in a one-week period. Fair Credit Reporting Act — This legislation was established so that credit agencies can be required to furnish businesses with correct, complete information to use in determining a consumer's creditworthiness. It also regulates confidentiality procedures within credit bureaus. Moreover, this is the statute that now governs identity theft. Continued... By Kathleen Goolsby