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Bankruptcy : Business & Finance
Debts That Survive Bankruptcy
Even though you may be broke, bankruptcy will not get rid of all debts.Bankrupt. Businessman with empty pockets (with clipping paths) . image by Vitaliy Pakhnyushchyy from Fotolia.comFiling bankruptcy can be a last-resort option for those in financial trouble. When it becomes apparent...
Two Solutions - The Severe Debt Problem - Debt Settlement Versus Chapter 7
Times are rough. Financial problems cause stress. The stress causes more problems. Problems pile on problems.
Knowing When Bankruptcy Is Right
Filing for bankruptcy can be one of the best financial moves of your life, but it isn't for everyone. There are many things that go into filing for bankruptcy, which means it isn't a decision ...
The Disadvantages of Filing for Bankruptcy
Bankruptcy has several disadvantages that should be considered before filing.ragged purse image by Oleg Kulakov from Fotolia.comWhen a person is very deep in debt and is unable to even make payments on that debt, bankruptcy is one option that can be considered in this situation....
Bankruptcy - Do Alternative Solutions Exist?
Are you experiencing financial turmoil and considering bankruptcy? Bankruptcy may not be your only solution.
How to Negotiate Tax Debt
Being in debt to the IRS can be stressful. You may have seen commercials on TV promising to reduce your tax debt to pennies on the dollar. For the vast majority of people, this is not an option. Unless you're completely destitute, the tax man will want his money. You don't have to pay it all at once
How to Deal With Collection Agencies and False Claims
When an individual defaults on a debt and the debt is purchased by a collection agency, the agency often has to go to great lengths to track the debtor down in order to request payment. Many unlucky individuals have found themselves harassed by debt collectors for a debt they do not owe simply beca
What Is an Act of Bankruptcy?
To start bankruptcy proceedings, the creditor must be able to establish that the debt was insolvent. Insolvency for creditors petition is established by proof of the dead or has committed an act of bankruptcy as set out in the bankruptcy legislation. An act of bankruptcy is important to reasons.
Old Debt Laws
Old debts can come back to haunt you.credit card image by feisty from Fotolia.comAn old debt that you forgot about years ago--maybe even from your college days--can pop up on your credit report at the most inopportune time. You may be coasting along with a great credit score in the 700s...
How to Pay Off Medical Bills Without Going Broke
It's not always easy paying off medical bills---especially if you have a limited amount of money. However, there are a few ways to take care of your unpaid medical bills and still have money to pay for your personal living expenses. With some planning and budgeting, you can definitely pay off your m
How Does Chapter 11 Bankruptcy Affect Common Stock?
When a company has liabilities exceeding its assets, it may declare bankruptcy, just as individuals do. However, in a corporate bankruptcy, the individual shareholders are often left with no assets, even if the company reorganizes and emerges as a continuing entity. Before bankruptcy proceedings are
Chapter 13 Bankruptcy- Helpful Tip For Bankruptcy Attorneys
If you have got bad credit, getting a loan for an automobile or any type of loan presents a problem. There are corporations that offer subprime credit automobile loans for people who have applied for ...
Refinancing After Bankruptcy
Refinancing after a bankruptcy is not impossible, but it does take some work, and while some companies will refinance a day after the bankruptcy is discharged, it is not a good idea because the lender is not the most reputable. Use the six months to prepare properly for the refinance. Research lende
What Is the Backbone of Bankruptcy? The Answer Is the Automatic Stay 11 USC Section 362
The backbone and largest grant of authority to the Bankruptcy Court is the automatic stay. As soon as a voluntary petition for bankruptcy protection is filed with the Bankruptcy Court the automatic stay is in effect. The automatic stay stops any and all collection actions against the person or busin
How Filing For Bankruptcy Affects Your Credit
If you have no other option but to file for bankruptcy, you will certainly need to make some lifestyle changes. For some people, consolidation loans provide a good solution, and you need to use bankruptcy only as the last resort. If you are unable to pay anything back to any of your creditors, you w
Should You Really File For Bankruptcy?
Many people right now are thinking about filing for bankruptcy because the state of the economy has left them without a leg to stand on. The past couple of decades have seen huge booms in credit, and people have been living beyond their means for years at a time.
Bankruptcy - Should You File and What Are the Benefits?
Bankruptcy is a very delicate subject for most people. It's senseless for anyone to feel ashamed to file for chapter 7 or chapter 13 bankruptcy when most of us have also made bad choices at one time or another.
Will Bankruptcy Ruin My Credit? The Surprising Truth About Bankruptcy and Your Credit Rating
Very often when we find ourselves faced with financial difficulty we may have to ask ourselves will bankruptcy ruin my credit? The reality of it is that most often our credit has already been damaged from non-payment of numerous bills or overextending our credit.
Getting Credit After Bankruptcy
Many people who seek bankruptcy protection often worry about their chances of getting credit in the future. While it isn't uncommon for people to see a boost in their credit standing after receiving a debt ...
Americans Without Insurance Are More Likely to Suffer From Unpaid Medical Bills
Millions of Americans have no insurance health policy to speak of and that means they pay double or triple for the same medical treatment and procedures compared to those with insurance. Insurance companies have a lot of pull on doctors and hospitals allowing them to negotiate for lower payments and