Bankruptcy : Business & Finance

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What is the Meaning of Secured and Unsecured Debt?

What is the Meaning of Secured and Unsecured Debt?

Unsecured debt is debt that doesn't have collateral attached to it. That is, the creditor doesn't have anything to take from you should you fail to make payments. Credit cards are an example of unsecured debt. Secured debt has collateral attached to it. Creditors can seize assets if you don't pay th......[Read More]
To File Or Not To File Bankruptcy - That Is The Question

To File Or Not To File Bankruptcy - That Is The Question

The decision to file bankruptcy is a big one and should not be taken lightly. Many people that are facing their own financial cliff choose to bury their head in the sand instead of face the problem head on. This can have devastating consequences in the long run possibly costing them more than they t......[Read More]
Do You Have to Wait for Your Bankruptcy Discharge Papers to Be Fully Done With Bankruptcy?

Do You Have to Wait for Your Bankruptcy Discharge Papers to Be Fully Done With Bankruptcy?

Bankruptcy is a serious step with long-lasting consequences. If you file a Chapter 7 bankruptcy, you may receive your discharge within three or four months after you file, but if you file a Chapter 13 bankruptcy, you may have to wait three to five years for your discharge. Although in both cases you......[Read More]
Simple Ways to Prosperity

Simple Ways to Prosperity

It's hard enough sometimes just to make ends meet, so the idea of building your finances to the point of prosperity may seem laughable to some. Before you completely dismiss the idea out of hand, however, take a moment to consider how easily prosperity comes to those who follow a few simple guidelin......[Read More]
Best Affairs To Get Rid Of Debt Accountability In An Altercation Charge Fewer Manners

Best Affairs To Get Rid Of Debt Accountability In An Altercation Charge Fewer Manners

Managing your debt accountability is not that abounding difficult if you resort to an adroit plan.......[Read More]
What Happens After You File Bankruptcy?

What Happens After You File Bankruptcy?

There is a strict time limit that must be met in order to get your bankruptcy filed properly to the courts. The very first step you will be advised to follow is to visit a credit counselor privately or within a group to both learn about bankruptcy and learn how it could or may be avoided.......[Read More]
See What Bankruptcy Services Offer You

See What Bankruptcy Services Offer You

If you ever find yourself in need of bankruptcy services, you need to know what services are available and what they have to offer you. You may find that credit counseling and a lawyer will help your situation.......[Read More]
Problems With Debt Consolidation

Problems With Debt Consolidation

Debt consolidation is just one way to manage debt.credit card image by jimcox40 from Fotolia.comDebt consolidation is an appealing option to people who owe money to many creditors. Technically, the process entails getting one loan to pay off the others, and making one payment at a lower.........[Read More]
Creating A Path For Debt Relief

Creating A Path For Debt Relief

When you are burdened by debt and feel like there is no way out, it can be a stressful time for you and your family. Often times, the road out of debt is much more difficult than the road that lead you there. Luckily, there are many debt relief tools to fit just about anyone's financial situati......[Read More]
File Bankruptcy Without a Lawyer

File Bankruptcy Without a Lawyer

When it comes to bankruptcy, by definition, money is in very short supply. But is saving money by not using a solicitor wise?......[Read More]
What Does Bankruptcy Mean for Stocks?

What Does Bankruptcy Mean for Stocks?

When a corporation files for Chapter 11 bankruptcy, its debts far outweigh its assets. Chapter 11 allows the company time to reorganize its business structure and practices in an effort to decrease its debt obligations and increase profits. The value of a company's stock during Chapter 11 decreases.......[Read More]
Credit Cards and Credit After Bankruptcy

Credit Cards and Credit After Bankruptcy

If you are one of the many people who adopted an easy come easy go approach to credit when economic times a good, but are struggling to cope now that economic times have changed, welcome to the club! As the fiscal outlook has become much bleaker in recent times, you are certainly not alone if you ar......[Read More]
How Filing Bankruptcy Affects Your Credit

How Filing Bankruptcy Affects Your Credit

Over recent years, filing for bankruptcy has become a common practice. Because of this, the negative stigma has almost vanished. With 1.5 million people filing bankruptcy in 2010 and even more expected to file in 2011, it definitely is the most popular form of debt elimination. Filing bankruptcy can......[Read More]
What Happens When You Commit Bankruptcy Fraud?

What Happens When You Commit Bankruptcy Fraud?

United States Bankruptcy Court officials recorded more than 1.4 million filings in 2009. Bankruptcy fraud occurs when debtors attempt to conceal their circumstances by filing false information, or trying to put assets out of creditors' reach by transferring them to third parties. Seventy percent of ......[Read More]
How To Search A Good Bankruptcy Lawyer?

How To Search A Good Bankruptcy Lawyer?

There are many times when people have a trouble financial period and for them filing for bankruptcy seem to be the only solution. Things may be that bad when they think of bankruptcy but the one important thing that they can do is consult a bankruptcy lawyer. ......[Read More]
The Importance of Business Valuations in Chapter 11 Bankruptcy Proceedings

The Importance of Business Valuations in Chapter 11 Bankruptcy Proceedings

The intent of Chapter 11 Bankruptcy reorganization is to allow relief to the debtor in possession while the business attempts to continue operating under court supervision. Once the petition for bankruptcy is filed, the court issues an automatic stay to prevent creditors from foreclosing on assets o......[Read More]
Home Repossession Laws in Florida

Home Repossession Laws in Florida

Florida Statutes Chapter 702 governs home repossessions, or foreclosures, int he state. The statutes outline legal notices, validating certain foreclosures, equity, mortgaged land sold for taxes and recovery, among other things. The laws also give the court the power to overturn a foreclosure decree......[Read More]
Your Creditors In Bankruptcy

Your Creditors In Bankruptcy

If you are like most debtors, dealing with creditors and collections is the straw that makes a bad situation, worse. Threats of repossession, credit damage, and constant phone calls often push people to the point of wanting to give up. Luckily, there are ways to stop credit collections and hand over......[Read More]
Pros & Cons of Consumer Debt

Pros & Cons of Consumer Debt

Credit can be a valuable tool, even though it means going into debt. For businesses, it means having the resources to take advantage of opportunities in order to create income. Consumer credit is more than often used to purchase merchandise that depreciates or loses value over time. This.........[Read More]
Are Debt Reduction Programs Safe?

Are Debt Reduction Programs Safe?

Some debt situations require a much more aggressive strategy for resolution than simply making the minimum monthly payment each month. If you find yourself in over your head with debt, you might consider signing up for a debt reduction program instead. However, it is wise to investigate if these pro......[Read More]