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Bankruptcy : Business & Finance
Can You Protect Your Assets During Medical Bankruptcy?
Medical bankruptcy is not a realistic term in the world of finance. However, bankruptcy occurring due to medical problems is termed as medical bankruptcy. Health care is known to be one of the top reasons for bankruptcy in the United States of America.
How Long Does Bankruptcy Last in Texas?
Bankruptcy can wipe away your debts, but it doesn't happen instantly. If you file Chapter 7, it will take several months before the court discharges -- erases -- what you owe; Chapters 12 and 13 will take several years. If you're filing in Texas, the state economy and median income will determine wh
How to Settle an Old Car Repossession Debt
When a repossessed car is sold at an auction the proceeds may not be sufficient to pay the balance you owe. If your car was repossessed and you had a balance remaining, some creditors will require you to pay it and some will not. If you have an old debt that is still lingering because of repossessio
Good Practices for Managing Debt
Reducing your financial debt and increasing the amount of your savings is an important part of being financially secure. By managing your debt well, you'll not only reduce the amount of money spent on interest charges and fees, but you'll improve your overall credit score and create a brighter finan
What Does Chapter 13 Bankruptcy Mean?
Chapter 13 bankruptcy is an option for individuals who can no longer pay bills on the original terms. This type of bankruptcy allows an individual to make one monthly payment to an attorney or bankruptcy trustee.
Bankruptcy Tips - Avoid Bankruptcy and Locate Proven Debt Settlement Programs Online
How can not using bankruptcy tips lead to a zero account balance? This is an important query that most credit card holders have. We are battling terrible economic situations in the United States. Purchasing anything is like climbing a mountain. There has been no increase in incomes. Most of the work
Does Chapter 7 Cover Student Loans?
Filing for Chapter 7 bankruptcy can help you get rid of overwhelming unsecured debt, but in most cases, it won't eliminate your student loans. If you can't convince the court that you won't be able to repay your student loans, Chapter 13 bankruptcy may be a better option for you.
How to Answer a Writ for Garnishment
When a money judgment is entered in a court of law, the winner --- the judgment creditor --- is legally entitled to the judgment debtor's property in an amount that extinguishes the debt. If a third party has possession of any of the judgment debtor's property, the judgment creditor may garnish that
The True Path Out Of Bankruptcy!
Once youve gone through a bankruptcy process and your bankruptcy has been discharged, youll start worrying about how to recover your ability to get finance with reasonable terms. Though credit recover is doable, you need to optimize the way you plan to do it in order to increase your chances of gett
Getting Out Of Debt: Know Your Alternatives
Alternatives are available to help you erase your consumer debt and improve your finances. Excessive debt can take a large percentage of your monthly income, and high debts can result in a reduced FICO credit rating. Low ratings hinder your ability to buy homes and cars, and to get a credit card. Ho
Two Things That You Need to Keep in Mind After You File for Bankruptcy
Normal rates and even mortgage is possible even after bankruptcy - although not immediately - but within a year or two. All you have to do is rebuild your credit.
How Does an Automatic Stay Get Started in Bankruptcy?
Filing for bankruptcy entitles you to an "automatic stay." The automatic stay is a provision that protects you from legal action of any kind from your creditors. An automatic stay is available regardless of whether you file for Chapter 7 or Chapter 13 bankruptcy.
File Bankruptcy Online - How To Do It
Back in the olden days, people had to queue up in the bankruptcy court for some to lodge their applications for bankruptcy. This used to apply for both Chapter 7 and Chapter 13. But with ...
How Much Do Probation Officers Make Annually?
People convicted of a crime but not sent to prison often receive probation. During their probationary period, offenders have to follow set criteria as determined by the courts, and remain in good standing with the law. Probation officers assist offenders by creating rehabilitation plans that normall
Regaining Your Financial Future Through Chapter 7 Bankruptcy
Life changes all the time. One minute you are high on life, planning a wedding, buying a new home, furnishing it and racking up credit debt like no tomorrow.
Eligible Debts For Discharge
Many people seek bankruptcy protection for their debts, but few people know the difference between their debts. Not all debts are the same and their differences are important to the bankruptcy process. Understanding types of debt and how they are managed in bankruptcy is very important to the succes
Operating Leverage & Business Risk
There is no way to avoid the fact that investing in a company is a risky proposition. However, investors can greatly reduce the chance that they will incur losses if they fully understand the investments they choose and risks they are taking. To do so, an investor should fully understand the meaning
How to Settle Consumer Debts
It can be easy to become buried deep in consumer debt. If you have been laid off, had a pay cut or have been injured the bills can pile up quickly. Although paying off debt can be overwhelming, there are options available. Don't fall behind and get sent to collections. Be proactive and work with you
What Can Be Garnished for Debt?
When a creditor gets a judgment from a court, the creditor can put through a garnishment order against certain assets, to collect the past due debt. A creditor can keep a garnishment in place until a debt is paid in full.
How Much Can a Wage Garnishment Take From Your Paycheck?
Refusing to pay your debts won't make them go away. If you ignore the demands for payment, your creditors--whether it's the Internal Revenue Service or a credit-card company--can file in court for a judgment against you, then use that as grounds to garnish your wages. That means your employer will s