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Bankruptcy : Business & Finance
Home ownership, combined with the need to follow the jobs, taking out second-mortgages to pay for college tuition, braces, and a stagnant or declining housing market have combined to move owning a home into the liability column in the family balance sheet. Another recent and alarming trend is the ri
People, who are not able to pay their creditors back due to lack of resources, file for personal bankruptcy. After being declared legally bankrupt, a person?s financial record becomes public, which means that anyone who wants to know about the financial status of the person are provided access to th
Every debt case is unique in its own sense. While bankruptcy can be the only option for some but the fact is many times you just have lots of other options. Debt settlement is one of them having gained lot of popularity. Recent years have seen it becoming more prevalent than filing insolvency for de
BAPCPA, or the Bankruptcy Abuse Prevention and Consumer Protection Act, was passed by the US federal government in 2005. The purpose of this act was to reduce the number of Chapter 7 bankruptcy filings and increase the number of Chapter 13 filings. The reason creditors prefer Chapter 13 over Chapter
The Massachusetts bankruptcy center with its various locations,dotted all across Massachusetts and with the team of expert bankruptcy attorneys and support staff,offers you customized solution to regain your financial stability.
Although bankruptcy will stay on your credit report for up to ten years, there are steps that you can take to start rebuilding your credit after bankruptcy. If you start making wise choices now, you can be on your way to re-establishing good credit once again.
You do have some options in order to avoid business bankruptcy. One of them is finding loans that offer low favorable rates so that you can pay all your remaining high interest rate debt with them and then make low monthly payments. You can also sale out some of your assets which you think are not c
By signing a residential lease agreement, you agree to certain terms and conditions, which often involve the length of time you're obligated to live in a property. Breaking a lease early can have consequences that affect your credit and financing standing. Although it's wise to stay in a property un
Are you looking for advice on Bankruptcy. You are not alone - lots of people are! Bankruptcy is seen as the last resort, perceived to be the only way to escape the ever-constant demands for payment from lenders as well debt collectors/credit companies etc. for unsecured debt. But bankruptcy in our o
Very serious debt situations inevitably lead to consideration of bankruptcy as a way of wiping the slate clean and starting again. You may want to consider speaking to a lawyer in order to help best determine which route for your circumstances, as there are other options available, which may not hav
If you are overloaded with debt and can't answer your phone because of collectors calling, then perhaps a bankruptcy case is a good option.Congress did not want our citizens to be overloaded with debt just because they'd made financial mistakes.As a result, Congress created the Bankruptcy
Wage garnishment is a process that involves having money taken out of your paycheck by one of your creditors before you receive it. While you could hire a lawyer to try to stop the garnishment, you can also take some steps to stop the wage garnishment on your own without the legal fees.
Chapter 7 is the most common bankruptcy that an individual or business can declare. Bankruptcy, in general, is a process by which declares that outstanding debts cannot be paid. Read on to learn more.
The death of an account holder results in certain consequences, depending upon the type of account. Creditors are not able to hold authorized users on credit cards legally responsible for repayment in the event of a single account holder's death. If the deceased account holder's estate has enough li
When an organization or a factory declares bankruptcy, it means that it doesn't have funds to pay up the investors and keep running their business. This can happen for a large array of circumstances, such as concurrence with other industries from the same division, general recession in economy,
It is the exception rather than the rule that a person financing a vehicle owes less than or equal to the cars value.Unless you put at least 20% down, chances are you are upside down.Bankruptcy not only can eliminate unsecured debts like credit cards, it can also drastically reduce what you owe on y