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Bankruptcy : Business & Finance
Definition of Debt Coverage Ratio
The debt coverage ratio (DCR) is one way for a lender to calculate a borrower's ability to make mortgage payments on an income property. Knowing that a borrower will be able to make required mortgage payments is an important factor in deciding whether to qualify that borrower for a loan and in deter
What Can You Do If You Don't Have Money to Pay a Debt?
You have always tried to manage your money well and pay your debts on time, but one of your worst fears just came true. There was a serious illness or a job loss in your family, and you simply do not have enough money to cover your expenses. The temptation is to hide in the corner licking our wounds
Potential Dangers of Credit Counseling
Credit counseling is a requirement that must be completed six months prior to filing for bankruptcy. While it teaches money management techniques, it is an opportunity for debtors to ask if bankruptcy is truly the ...
Filing Bankruptcy Can Be Made Affordable
Many people that have financial problems that might be considering filing bankruptcy try and avoid it because they think that hiring a bankruptcy attorney will be out of their budget. It's common to hear financially strapped individuals say, "I can't afford to file for bankruptcy.&quo
Fighting Debt With Bankruptcy
Many people are struggling to make ends meet for their family, only to be further burdened by overwhelming debt obligations. Dealing with debt during a financial hardship can send even the most money savvy person down a slippery slope. Although there are several options for finding debt relief, only
How Often to File Bankruptcy?
Debtors file for bankruptcy seeking protection from debt collection under bankruptcy court law. The process can take six months to a year, depending on the case. A bankruptcy judge must issue a final order discharging the debt for a bankruptcy to be finalized. A debtor must meet eligibility requirem
Maryland Law for Consumer Debt Collection
Maryland residents are protected against debt collectors by a set of federal laws known as the Fair Debt Collection Practices Act. In some cases, the Maryland Attorney General can step in to help state residents who believe they are victims of unscrupulous debt collectors. Also, several nonprofit cr
Filing Bankruptcy, Payday Loans and the Post Office?
Over the last couple of years, many Americans have become buried under a mountain of debt. Most people want to avoid filing bankruptcy at all costs so they make minimum payments and kick the can down the road. At some point in time, it's inevitable that bankruptcy filing is just around the corn
Consumer Debt Reduction Programs
Credit counseling agencies and companies are available to help consumers with debt reduction. While some of these agencies are reputable nonprofit agencies paid for by donations as well as consumers and others are for-profit companies whose reputations are often negative. Credit counseling may be th
Financial Debt Recovery
Recovering after falling into a large amount of debt can be difficult for anyone. Debt is a major problem that people have to deal with every day. Even though debt can hamper your financial situation, it doesn't have to take control of your life. There are steps that you can take to recover from deb
Texas BankruptcyYour House, Car, Cosigners, & Creditors
Filing for Texas bankruptcy will affect all aspects of your life. From psychological to social, the procedure will have an impact on you and the people around you. As for the material possessions you worry about, they will also be affected. So, to get more ideas on what will happen to your house, ca
How to Stop a Wage Garnishment in Ohio
Wage garnishment is the court-ordered interception of part of your wages to satisfy a debt over time. Having your wages garnished in Ohio depletes your income and may cause you to struggle financially. Your employer takes out the amount directed by the order each time you get paid and forwards the m
Services Offered By The Law Office Of Michael Levitis
Looking for New York online debt negotiation, debt settlement services provider and Bankruptcy Attorneys in New York? Then you have landed at the right place, Michael Levitis would be the best bet for you. For Debt Settlement solutions, credit debt negotiation, Business Debt Settlement
Be Careful With Individual Bankruptcy
When you are in a spot where you have creditors on one side and the inability to repay the debts on the other, it is easy to see that you are in-between two huge boulders! It is even more applicable in today's economic climate, where employees are getting laid off. To some people, Bankruptcy is
Settle Your Tax Debt With Bankruptcy - Avoid 5 Common Traps
Can't Pay! You can make Debt Vanish with a Bankruptcy! Is this true? No, it's not. If you file for Bankruptcy, your debt can grow! Penalties and interest don't stop accruing in the time it takes for a Bankruptcy to be approved. So watch out. Don't fall into this trap.
The Low Down on Colorado's Bankruptcy Exemption Rules
Colorado residents considering bankruptcy are often concerned about losing their car, home, or retirement benefits. Fortunately, Colorado offers consumers exemptions that protect these assets.
Bankruptcy Filing Fees and Charges
Bankruptcy gives you an opportunity for a fresh start financially, but it does not come so easily. This is because, you have to part with some money to make the process successful. To cater for the services that you will receive from the court, you will need to pay some specified fees through the co
Unpaid Medical Bills Are Overwhelming
Unpaid medical bills are all too common in American households today. Unpaid bills from doctors or hospitals warrant numerous daily phone calls and daily mailings demanding you to pay back the money you owe. Whether you simply lack of good medical coverage or you have no medical coverage at all, eve
Oklahoma Bankruptcy & 401(k) Withdrawal
A bankruptcy in Oklahoma may prevent you from getting credit for many years. Additionally, your creditors must be repaid in some way. The court will either liquidate all of your assets in the case of a Chapter 7 bankruptcy or reorganize your debts in the case of a Chapter 13. Your 401(k) withdrawals