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Bankruptcy : Business & Finance
Dealer Finance Taking Responsibility In The Marketplace
There are many complex reasons for the recession, and it cannot be narrowed down to one, nor can it be blamed upon one set of individuals. However, in this case, the focus is upon the banking structure and its affects on the marketplace.
Bankruptcy Protection - How to Go About It
You can file for bankruptcy protection under the bankruptcy laws, if you are finding it difficult to repay your creditors. Bankruptcy protection involves having most of your debt canceled with the inclusion of selling off some of your assets.
Before Bankruptcy To-Dos
Filing for bankruptcy is not always as easy as one would think. In fact, there are several reasons why filing for bankruptcy may not be the best option for your financial situation. In some cases, filing for bankruptcy may need to be delayed in order to maximize the benefits it offers. In either cas
A Bankruptcy Attorney Is a Necessary Evil in Today's Economy
In today's economy, it's becoming apparent that people should have a bankruptcy attorney on speed dial. It seems that no one is immune from a bankruptcy filing as our economy continues to spiral downward. Everyone has been trying to be optimistic after the presidential election hoping that
What You Need To Know About Personal Bankruptcy
It maybe the worst thing ever to do, but sometimes you just have to file a personal bankruptcy. It is not easy but when your situation calls for it, there is nothing much you can do about it.
Debt Settlement and Chapter 7 - Part 1
When debtors find it difficult to redeem their outstanding dues, they generally try to find various ways and means to repay their debt. However, in many cases, this does not work out properly owing to various reasons, and debtors start thinking in terms of Chapter 7 and filing for bankruptcy.
Short-Term Debt Ratio
Short-term debt describes liabilities that are due to be paid within one year. Using an accounting metric called a debt ratio, it is possible to gauge whether a company will be able to meet its short-term debt obligations. This ratio indicates this by making a comparison with a company's current ass
How Long Until My Credit Score is Better After a Bankruptcy?
Bankruptcy happens more often than people care to acknowledge and seems to be happening more and more frequently as financial difficulties seem to be on the rise. One thing that is on the mind of any person that is considering filing for bankruptcy is how long it's going to take to repair their
What Constitutes an Undue Burden of Cancellation of Student Loans Through Bankruptcy?
While bankruptcy gives you the ability to discharge unsecured debts, student loans are typically an exemption to this. Federal bankruptcy law only grants you the ability to have your liability for unpaid student loans discharged if you can prove that paying the loans places an undue hardship on you
Strategies for Debt Elimination
People who spend more than they earn often find themselves in debt, sometimes heavily. On average, a United States consumer has 13 credit accounts recorded at the credit bureau; nine of these are credit card accounts, the remaining being installment obligations. As of the end of 2008, the average ou
How Does Bankruptcy Affect the Sale of Your Home?
If you are in the process of selling your home and filing for bankruptcy, you may want to consult your local Bankruptcy Attorney for the right legal advice. If you seek advice from your agent, they will in turn refer you to a bankruptcy attorney.
Why The 2008 Financial Crisis Is A Warm Up For The Horrific Collapse Coming
Anyone who thinks the US economy is entering stages of a recovery in 2012, defiantly needs their head checked. As you read this, what is occurring is what could be termed a "hopium" phase where we are stuck in the middle of two financial crashes.
Filing Personal Bankruptcy in North Carolina
Bankruptcy is a federal proceeding held to assist people and business entities that become overburdened with debt. Chapter 7 bankruptcy is available to individuals. Under Chapter 7, certain debts may be discharged. Individuals filing for Chapter 7 bankruptcy in North Carolina must file in one of the
Can Income Taxes Be Discharged in Bankruptcy?
Most tax obligations survive the bankruptcy process, with the exception of federal personal income taxes. If you owe back taxes, bankruptcy can help you, but do check out alternatives, such as an "offer in compromise," before taking such a drastic step.
If Overpaid for Unemployment in New York, Can They Garnish My Wages?
Being unemployed is a stressful experience, though being eligible for unemployment compensation certainly does help the situation. If you collect unemployment in New York, ensure that you keep track of your payments and report any earning to the unemployment office when you certify for benefits. If
What Is the Difference Between Debt Relief & Bankruptcy?
Bankruptcy is a type of debt relief, but it is not the only one. If you are thinking about declaring bankruptcy, consider the other options available that can help you tackle your finances.
The Advantages of Personal Bankruptcy
Banks and other lenders may not be able to collect property under Chapter 7.bank image by Pefkos from Fotolia.comAs of 2010, the number of people who have filed for personal bankruptcy (also known as Chapter 7) has increased by about 500 percent since 1980, according to data from the...
Filing For Bankruptcy is a Daunting Proposition
In the bulk of cases, just contemplating bankruptcy will shock someone so much that they can panic and be scared to face their monetary issues. Sadly, statistical data show that roughly five folk out of each thousand have ended up declaring bankruptcy and even more troubling, this figure is rising.
Your Credit Report After Bankruptcy-What To Look For
Do you KNOW what is on your credit report? Even if you have just filed bankruptcy it is EXTREMELY important that you KNOW how it is reported on your credit report. It is NOT the credit reporting agencies responsibility to make sure that your credit report is accurate. It is YOURS, and only you can m
Top Loan Advice For Car Finance Comparison
One of the best pieces of car loan advice is to compare products. You cannot afford to ignore the benefits of comparing car finance deals.This is a vast marketplace and you could save a lot of time by researchingthe products available.