Bankruptcy : Business & Finance

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5 Reasons You Should Avoid Bankruptcy

5 Reasons You Should Avoid Bankruptcy

When people get into financial trouble, they generally look for the least destructive option that they can find to help them get back on track. This is quite obvious, and it's no wonder that so many people put bankruptcy off until the last second. Here are some of the most common reasons that p......[Read More]
Some Questions Your Bankruptcy Lawyer Should Answer For You

Some Questions Your Bankruptcy Lawyer Should Answer For You

Are you facing so much debt in your life that you feel like you are drowning and you cannot turn your life around no matter what you do? Is bankruptcy your only feasible alternative to get yourself out of this rut? Bankruptcy is your legal right, if you select to invoke it.......[Read More]
Ways of Paying off Debt

Ways of Paying off Debt

According to statistics from the Federal Reserve, as of 2010 the average person in the United States had about $7,800 in consumer debt. With so much debt, many people struggle just to make ends meet, let alone eliminate their account balances. If you are interested in paying off your debt and taking......[Read More]
Wyndham Capital Mortgage Grows While Rivals Cut Back

Wyndham Capital Mortgage Grows While Rivals Cut Back

When Charlotte-based LendingTree was blooming into a national online loan-exchange service in 2001, Douglas decided to leave his promising job there as an account manager to start his own business.......[Read More]
Aomori Group - Meredith Whitney Vindicated As Detroit Files.

Aomori Group - Meredith Whitney Vindicated As Detroit Files.

Aomori Group: Celebrity analyst Meredith Whitney has been proven right in her prediction of increased municipal bankruptcies. 3 years after predicting a spate of municipal bond defaults in the US, it appears that Meredith Whitney, ... ......[Read More]
When can you discharge income taxes in bankruptcy?

When can you discharge income taxes in bankruptcy?

Discharging federal and state income taxes in bankruptcy......[Read More]
Filing For Bankruptcy Is Easy - But Should You Do It?

Filing For Bankruptcy Is Easy - But Should You Do It?

Filing for bankruptcy is easy to do. And if you listen to many of the infomercials on early morning TV, it is probably what you should do. But is it the right thing for you?......[Read More]
After You File for Chapter 13 Can You Change It to Chapter 7?

After You File for Chapter 13 Can You Change It to Chapter 7?

Chapter 13 bankruptcy cases take three to five years to complete. During that time, if your circumstances change and you can no longer make your Chapter 13 plan payments, you may be able to change your case to a Chapter 7 through a process called conversion.......[Read More]
Chapter 13 Reorganization

Chapter 13 Reorganization

A Chapter 13 bankruptcy is for debtors with regular income that have less than $750,000 in secured debt and have less than $250,000 in unsecured debt. Most Chapter 13 debtors are normal hard working Americans; some debtor's are small business owners. A debtor must provide periodic reports if he......[Read More]
Is a Collection Agency Allowed to Contact an Authorized User?

Is a Collection Agency Allowed to Contact an Authorized User?

As an authorized user on a loved one's credit card account, you receive a card of your own connected to the primary account. You can then make purchases on your loved one's credit card account using your card. Authorized users differ from joint account holders in that, although they have access to t......[Read More]
Chapter 7 Bankruptcy - 7 Things to Know and Consider

Chapter 7 Bankruptcy - 7 Things to Know and Consider

The most common form of bankruptcy in the United States is Chapter 7 Bankruptcy. This form of bankruptcy is brought upon by the fact that the business or individual is unable to pay off the enormous amount of debt that the debtor owes the creditor.......[Read More]
Things to Know When Filing For Bankruptcy

Things to Know When Filing For Bankruptcy

Many people are forced to file for bankruptcy due to the economic recession that has been experienced lately. Most of these bankruptcy cases are from those with job loss issues or debt arising from failed business investments. So in the United States alone, there are issues which largely involve the......[Read More]
Basic Facts About Chapter 7

Basic Facts About Chapter 7

Bankruptcy is a court proceeding in which a debtor declares his inability to repay the creditors. A trustee is appointed to liquidate his assets and pay off the creditors.......[Read More]
The Only Way To Repair Your Credit Report

The Only Way To Repair Your Credit Report

If you've been turned down for credit or are only approved for high-interest credit cards and loans, your credit report is probably not in the best possible shape.......[Read More]
Chapter 7 Bankruptcy Information

Chapter 7 Bankruptcy Information

Chapter 7 bankruptcy information is considered to be a necessary foreknowledge before jumping in to the bankruptcy band wagon. Needless to say, bankruptcy is not a highly anticipated event in life, but it is a relief at the same time for many people who are.........[Read More]
The Positive Effects of Bankruptcy on a Business

The Positive Effects of Bankruptcy on a Business

Several bankruptcy options are available for businesses that struggle with debt. Chapter 7 bankruptcy is effectively the end of a business, as its holdings are liquidated and the proceeds are used to compensate outstanding debts. Two less common options, Chapter 12 is limited to family.........[Read More]
Bankrupt Houses

Bankrupt Houses

The home, for most people, is their respite and shelter from all the worries and troubles of the world. It is where they grow up and build their dreams and plan for the future. The house is considered to be a safe place from the dangers of the real world.......[Read More]
Things to Consider Before Claiming Bankruptcy

Things to Consider Before Claiming Bankruptcy

For people in desperate need of financial rescue, declaring personal bankruptcy may be a very real and necessary avenue. Getting into financial turmoil can cause people to consider many different options, though when it comes to your financial future, it's in your best interest to consider the ......[Read More]
Eliminate Debt - Making the Best Use of a Bad Economic Situation to Get Debt Relief

Eliminate Debt - Making the Best Use of a Bad Economic Situation to Get Debt Relief

One of the primary reasons why Warren Buffet is considered as one of the most brilliant investors in the world today is due to his ability to earn profits irrespective of whether the economy is good or bad. Of course, he's not a magician and often makes mistakes like of us to. However, he has a......[Read More]
What to Do If You Were Sent to a Collection Agency

What to Do If You Were Sent to a Collection Agency

Improper contact with collection agencies can upset any consumer who is unaware of his rights. Correct planning and negotiation skills will allow you to resolve credit issues in a way that is satisfactory and beneficial to you, your family and your pockebook. By utilizing the laws in place to pr......[Read More]