Bankruptcy : Business & Finance

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Advice and Tips on Getting Out of Debt

Advice and Tips on Getting Out of Debt

Learn how to get out of debt.bank statment and cut credit card image by Warren Millar from Fotolia.comGetting out of debt can make a huge difference in your quality of life. Not only will you save all the money you are paying in interest every month, but you will eliminate a major source.........[Read More]
Purpose of a Collection Letter

Purpose of a Collection Letter

In hard economic times, business owners and creditors may find themselves needing to send a collection letter to customers to recoup past-due payments. An effective collection letter should not only notify the consumer of the late payment but also maintain good customer-business relations.......[Read More]
What Happens After Chapter 13?

What Happens After Chapter 13?

Chapter 13 bankruptcy is one of the last options available to people with serious financial problems and overwhelming debt. Chapter 13, also known as reorganization bankruptcy, is a process that allows a federal court to consider your debts and financial situation and order a new schedule for paying......[Read More]
How to Get a Mortgage After a Bankruptcy Discharge

How to Get a Mortgage After a Bankruptcy Discharge

Being discharged from bankruptcy does not mean you can never buy a home. It is true that the recent bankruptcy will reduce your credit rating. However, getting a home loan in fact can be a great way to rebuild your credit rating. Again, it is important to personally take it upon yourself to be infor......[Read More]
Loan Consolidation Information

Loan Consolidation Information

There is a number of reasons for consolidating your debt. Sometimes you can receive more favorable terms and conditions, which can save you money, and sometimes it is a matter of convenience. When you get ready to consolidate, always check out all the methods available. Contact four or five lenders ......[Read More]
How 703 California Bankruptcy Exemptions Help You Keep Your Property When You File For Bankruptcy?

How 703 California Bankruptcy Exemptions Help You Keep Your Property When You File For Bankruptcy?

You may be able to keep all of your current assets, even if you file for bankruptcy. California has generous bankruptcy exemptions that may allow you to keep all of your current property.......[Read More]
4 Most Common Misconceptions About Bankruptcy

4 Most Common Misconceptions About Bankruptcy

If you have lost control of your finances because of the huge amounts of debts you owe, you may be considering filing for bankruptcy. But, before you go ahead and file your petition, make sure that you don't have any false assumptions about bankruptcy.......[Read More]
Are Mortgages Dischargeable Through Bankruptcy?

Are Mortgages Dischargeable Through Bankruptcy?

Bankruptcy helps debtors who have too many payments to manage and want a fresh start. When a debtor files for bankruptcy, the court will create a bankruptcy estate and appoint a trustee to manage the estate, selling off some possessions and choosing what creditors still have claims and what debts wi......[Read More]
Is it Financially Sound to Remortgage to Pay Off Debts?

Is it Financially Sound to Remortgage to Pay Off Debts?

Remortgaging can be a good way to consolidate high interest debt and make your monthly payments more manageable. There are several things you should consider to determine whether it's financially sound for you to remortgage to pay off debts.......[Read More]
How to Calculate Statement Coverage

How to Calculate Statement Coverage

Statement coverage is sent to a health insurance policy holder to detail the coverage amounts that will be paid on behalf of the policy owner. The insurance company co-insures the coverage of the policy owner so that the policy owner is obligated to pay a percentage and the insurance company is obli......[Read More]
Vehicle-Buying Tips

Vehicle-Buying Tips

For most people, their vehicle is the second-largest purchase they ever make. You devote a significant amount of money to cars and transportation. Doing your homework before you begin the buying process can make a huge difference in how much this transaction costs and how happy you are with the resu......[Read More]
Should I Liquidate my 401k to Pay Off Debt?

Should I Liquidate my 401k to Pay Off Debt?

Save on InterestCredit cards carry high interest rates because they are unsecured debt, meaning you have not pledged any specific assets to back the loan. The interest rate will almost certainly exceed the returns generated by a 401k plan.Pay Taxes and PenaltiesWithdrawals from a 401k.........[Read More]
Personal Bankruptcy Guidelines

Personal Bankruptcy Guidelines

Bankruptcy is a process where a debtor, unable to pay their bills, is given an opportunity to improve their credit score by wiping out debts completely or reorganizing the debt so that it can be paid over a determined period. Bankruptcy is a serious step with far-reaching consequences and should be ......[Read More]
Twelve Reasons Why You Should File Bankruptcy If You Have Debts You Cannot Pay

Twelve Reasons Why You Should File Bankruptcy If You Have Debts You Cannot Pay

You get a fresh start. Filing for bankruptcy is powerful and useful tool which allows you to discharge most of your debts and usually keep most of your assets. You get a "fresh start" with your life and you can begin again financially without the burden of debts you cannot pay.......[Read More]
Adverse Credit Bankruptcy Information

Adverse Credit Bankruptcy Information

When you file for bankruptcy, all aspects of your financial life are affected. Although a bankruptcy appearing on your credit report has an adverse effect on your score, it will not haunt you forever. In time you can begin rebuilding your credit and your score will slowly recover.......[Read More]
Does Bankruptcy Eliminate Medical Bills?

Does Bankruptcy Eliminate Medical Bills?

Large medical bills are one of the most troubling financial issues for many people. When large medical bills pile up, they can be extremely difficult to pay off. In this situation, you may consider bankruptcy as a way to get out from under the debt. By filing the right type of bankruptcy, you can ge......[Read More]
Looking for Bankruptcy Records?

Looking for Bankruptcy Records?

If you have ever filed for bankruptcy, then you know what a huge hassle it is. Getting all of your financial records together and letting someone pick through them feels awful. Most people who decide to file for bankruptcy feel that they have no other choice. It can be disheartening, but in the long......[Read More]
How Long Does a Creditor Have to Take Back Secured Property in a Chapter 13 Bankruptcy?

How Long Does a Creditor Have to Take Back Secured Property in a Chapter 13 Bankruptcy?

The rights of repossession and continued collection practices by creditors are put on hold by the court when a debtor files for bankruptcy. In a Chapter 13 case, this right extends through the entire repayment process since the court permits a debtor to retain all her property tied to secured debts.......[Read More]
Choosing The Right High Court Enforcement Officer To Recover Judgements

Choosing The Right High Court Enforcement Officer To Recover Judgements

A high court enforcement officer is authorised to execute High Court writs by the Lord Chancellor.As a private individual, the an HCEO can seize goods and supervise the possession of property the cover debts that are owed.If you have outstanding court warrants that you need to collect on, consider t......[Read More]
What Is a Data Factoring Account?

What Is a Data Factoring Account?

Data factoring, or debt factoring, is not a term frequently heard by consumers. This term shows up on some credit reports as a "factoring company" account. Data factoring in financial services means a creditor company sold off invoices in good standing as a way to improve the company's cash flow and......[Read More]