Browsing Category
Bankruptcy : Business & Finance
What Income Is Exempt From Chapter 13?
Chapter 13 bankruptcy is not a quick way out of debt. You'll spend three or five years paying off creditors out of your disposable income; only at the end of that time will your remaining debts be discharged, or wiped out. When calculating your disposable income, the bankruptcy court exempts the mon
Learn About Bankruptcy Exemptions Today!
It's very important to consider bankruptcy exceptions when you are filing for bankruptcy, you must understand exactly what the term means. The most simple definition is that the entity is able to list certain assets and protect them from being taken by creditors.
Bankruptcy and the Dreaded Meeting of the Creditors
People who are having financial trouble many times steer away from filing bankruptcy because of fears of what might happen during the proceeding. There are urban legends about how the bankruptcy trustee comes into the meeting of the creditors to grill the debtor and seize all their assets. This is s
Can I Get A Loan While In Chapter 7?
If you are wondering, "Can I get a loan while in chapter 7?" you will want to read further. In most cases the answer to this question is yes. However make sure you have permission first...
Debt Consolidation As Bankruptcy Alternative
Bankruptcy alternative can be an excellent way to avoid the adverse effect of being declared as bankrupt. Therefore, if you are in a deep financial crisis, drowned in huge piles of debts, it is always recommended that you first try to look into all your options.
Treatment of Stocks Liquidated in Bankruptcy Tax
Both corporate and individual bankruptcy can trigger a series of tax events for anyone involved; however, no specific "bankruptcy tax" exists. In corporate Chapter 7 cases where a court trustee liquidates -- sells off -- the company stock becomes worthless. However, shareholders can record worthless
DIY: California Chapter 13 Plan
Bankruptcy is available to people who--in their current financial situation--cannot repay their creditors. Under Chapter 13, debtors do not have to surrender any property to the courts to pay creditors. Instead, filers reorganize their debts in a three- to five-year plan to pay back some or all of t
Phoenix Financial Planning Firm Takes Unique Approach
Chichester Wold Financial, LLC is an independently owned financial consulting firm with more than 17 years of dedicated personalized service to our clients.
Ways to Get out of a Rental Agreement
Most every adult at some point will enter into a rental agreement. Whether it be for an apartment, condo, office space, house or retail space, there is likely to be a contract with terms and length requirements. Situations such as job loss, relocations, military obligations and illness can make it
Five Simple Steps to Regain Credit Reputation After Bankruptcy
Seeing your excruciating debts declaring bankruptcy is always the best solution a business owner could choose. Your official filing of bankruptcy is an instant solution to get yourself out from your creditors. Whilst going bankrupt ...
Can a Private Citizen Garnish My Wages?
If a private citizen can prove to a judge that you owe them money, that person can legally petition to garnish your wages. However, a sheriff or other law enforcement officer will deliver the judge's order to your employer; the person you owe money to has no right to demand wages directly.
Alternative to Filing Bankruptcy With the IVA Debt Solution What You Need to Know
An IVA is an alternative to bankruptcy introduced by the government, if you in a situation where you can see no other alternative apart from going bankrupt you can use an IVA to avoid this option. The concept behind an IVA is a simple one, simply a re-payment agreement between the creditors and the
Can a Creditor Sue Me for Unpaid Debt?
When a person signs a contract agreeing to pay a debt, the contract usually gives the creditor the right to sue the debtor if he does not pay. Even if the contract does not specifically state this, most state laws give the creditor the right to seek remedies from the court system. The process detail
Chapter 13: After Dismissal, Can You Protect Liens on Property?
Under a Chapter 13 bankruptcy, you file a debt repayment plan with the bankruptcy court, outlining what you can afford to pay based on your monthly expenses. The plan is set up for three to five years. Secured debts like your home are paid first; unsecured debt like credit card debt is left to last.
Is Bankruptcy The Answer To Your Debt Problems?
If you feel overwhelmed with debt, you've probably thought about filing bankruptcy. Many people see bankruptcy as a way to completely erase all their current debts, and simply start fresh financially. Like any major financial decisions in life though, bankruptcy has both pros and cons. Let&apos
Questions About Filing Bankruptcy
Bankruptcy may be the only option for those in extreme debt.Bankrupt. Businessman with empty pockets (with clipping paths) . image by Vitaliy Pakhnyushchyy from Fotolia.comIn the first quarter of 2010 alone, almost 379,000 bankruptcy cases were reported. According to Credit Cards online,...
Pros & Cons of Concentrated Debt
Concentrated debt might help you climb out of debt, but it can also hurt your credit score in the process. How much benefit you receive from concentrating debt depends on the specific method of debt consolidation you choose. A debt consolidation loan or debt management plan are the most popular form
Bankruptcy Alternatives - The Most Important Ones to Consider
Instead of filing bankruptcy, you might want to consider some bankruptcy alternative. I have never heard of an individual who has sung his way to filing bankruptcy! This is good enough to tell you that bankruptcy definitely is not one of the happier events in anyone's life.
Considerations Surrounding Filing For Bankruptcy
You need to know what to expect when you are looking at filing for bankruptcy, and you also need to know what other options exist, since bankruptcy should be your option of last resort.Get a bankruptcy evaluation from a qualified professional who understands the law before you potentially get into e