Bankruptcy : Business & Finance
Bankruptcy is a legal process which enables a debtor to make a fresh financial beginning by turning over his assets to be liquefied or undergo reorganization with the help of the government. It basically discharges the individual or business concern of almost all debts depending upon the kind of ban
There's no doubt about it. Rising unemployment rates, reduced income households, and rising prices are making it more difficult than ever before for people to keep up with their bills.
A 2005 Harvard study attributed over 60 percent of bankruptcies in the United States to catastrophic medical collections. When an individual becomes seriously ill, the bills can pile up. Even fully insured people can find themselves overwhelmed with medical debt. Combine this unforeseen obligation w
When you collect unemployment insurance benefits in Michigan, you can sometimes receive extra funds to care for your dependents. The definition of a dependent, the maximum number of dependents you can claim and the amount of money you can collect for each dependent differ by state. Most states, incl
If you are in debt and are worried about the number of harassing phone calls you get daily from creditors, know that chapter 7 bankruptcy can put a stop to that. Find out how to get started on this pathway to being debt-free.
If you have no way of repaying accumulated debts while living in Florida, chapter 7 bankruptcy is most likely the type you will choose. While it will eliminate debts, you will also be required to pass a means test to qualify for this type of bankruptcy. Your bankruptcy paperwork will be filed in one
Getting completely out of debt can be a difficult and overwhelming task for many consumers. Negotiating lower interest rates and payment arrangements with lenders can be intimidating. Choosing a debt help company to work with lenders on your behalf can take the stress out of debt...
Creditors can become very harassing and if you fail to properly handle the situation, it will remain that way. Receiving calls at home is one thing but to hear from creditors at your job is greatly inconvenient. In some cases, employees have faced disciplinary measures for taking a call that turned
Even though garnishment orders do not show up on your credit report, they can still prevent you from acquiring a loan. Also, the precursor to a wage garnishment usually does significant damage to your credit rating. You probably can avoid a wage garnishment by negotiating with your lender before a l
Dollar Savings Direct Account offers an interest rate of 4.00 PC, which is among the highest you will see this season, according to the latest personal finance tips gurus. The guys behind Dollar Savings Direct are the same as the creators of Emigrant Direct, which was not a very popular service and
Home loans and bankruptcy are two terms that generally don't fit well together. There is a lot of misinformation out there about bankruptcy and the ability to finance a home after you have been through this process so many people assume that once they have been through this process that they wi
Atlanta bankruptcy lawyers are bound by the fee guidelines given by the Atlanta bankruptcy court.It's easy to think, when you are considering filing for bankruptcy, that you have enough financial problems and more debt than you can handle, so hiring an attorney seems to be an expense you can av
If you are like most people you may be intimidated by the bankruptcy process. Some find the process to be scary, mostly because of the misinformation associated with the process. The truth is that bankruptcy is a valuable tool intended to be helpful for those suffering financial hardships.
Bankruptcies and failed ventures are part of any economy as mergers, acquisitions or start-ups. However, trading in bankruptcy claims is a specialized event-driven investment strategy that requires high expertise and well-equipped structures to analyze potential risks and profits.
Luckily, the United States Code of law offers federal regulation and help when you file for bankruptcy. However, it can be confusing to file for bankruptcy because this same code allows for six different chapters of bankruptcy-7, 9, 11, 12, 13, and 15. This article will focus on the last three chapt
Credit counselors typically offer debt consolidation services when you are having a difficult time making payments on your debt. If you can afford to make part of the payment, your credit counselor may suggest using a debt management plan. The counselor will work with your creditors to lower your ra
If you're in a situation where you have more debt than you can handle, this problem requires a carefully planned solution. Explore the various solutions to debt problems to decide which is the best course of action for you. Seek help from a trusted professional before you make a final choice.
If you are struggling with overwhelming debt, you might consider Chapter 7 bankruptcy which allows you to liquidate your assets to pay off your debts and possibly even keep your house and/or car by filing an exemption. California follows federal bankruptcy laws and procedures; you can file for Chapt