Don't write to individual debtors if historically letters have had no effect on them but other methods of collection do.

If your business is small you probably know from past experience what works and what doesn't in getting individual debtors to pay.

Lower rates would also help individual debtors and foreign countries saddled with loans that must be repaid in dollars.

VAs can also apply to individual debtors as an alternative to bankruptcy.

For example, in a Chapter 7 case only an individual debtor (not a corporation, partnership, etc.) can receive a discharge.

Where the value of an individual debtor's property is under $15,000, inspectors are not appointed (except where the creditors decide otherwise).

A creditor or creditors may also petition for a bankruptcy order to be made against an individual debtor.

Several bankruptcy lawyers said that for individual debtors, the legislation's major impact would be more stringent requirements for filing petitions under Chapter 7.

Another was to relax the severity of the law towards the individual debtor who might be incompetent but not dishonest.

The new legislation also requires that all individual debtors in either chapter 7 or chapter 13 complete an "instructional course concerning personal financial management."