Students transitioning from high school to college often face challenges and complications. The New York Times reports that only half of students enrolled in college actually earn their bachelor's degree. Therefore, students should take a realistic look at the road ahead of them so that they can ad
You can locate many of these liquidation sources by running a web search with the words, "inventory liquidation. " Ideally, you should locate failed businesses and inventory liquidators in your local area.I hate it this situation: If I need help and I have lots of questions about my situat
Bankruptcy has been a somewhat negative topic with homeowners, but bankruptcy was designed to help people through a hardship when they have nowhere else to turn. This is exactly the situation foreclosure victims have found themselves in.
Stop using credit cards to reduce debt.Debt concept - cutting a credit card image by Sophia Winters from Fotolia.comNo matter where you owe it to, having debt is not only a source of stress, but it also may affect how you are able to spend money later, either with buying a home, car or...
Corporate bankruptcy relates to laws dealing with bankruptcy cases of companies, or partnership firms. When any company files protection under bankruptcy laws, they prefer filing under chapter7 or chapter 11 of bankruptcy code.
Bankruptcy law has undergone a number of changes in recent years. Most notably, the major credit card companies lobbied congress furiously in 2005 and, as a result, some major reforms were brought in.
When your financial situation is in such disarray that you cannot see a way out, bankruptcy may look like your best option. However, while it is true that filing bankruptcy can provide immediate relief from phone calls, collection letters and the emotional stress they invoke, this short term relief
If you're considering assuming another's debt, you are agreeing to make future loan payments on behalf of that person. This process is usually associated with home loans. If you're considering assuming another borrower's debt, you must be prepared to have your credit and finances checked, as the len
Receiving a judgment against a tenant for back rent only provides you with the legal authority to take further steps to collect. Property owners may be able to apply for a writ of garnishment that allows them to garnish a former tenant's wages to collect the arrears. State laws regarding garnishment
Different people have different financial conditions and each one has their specific problems. If you are one of those people who is neck-deep in debt with no possible signs of paying them back, then there is the option of bankruptcy for you.
Filing for bankruptcy can signal the end of a limited-liability company (LLC). Even if the company has filed to restructure, operations may never recover. Once this occurs, the only course of action may be to close, or "dissolve," the LLC. The requirements for dissolving an LLC are governed by the s
Is filing bankruptcy the right choice for me? This is a question that many Americans have asked themselves lately. This is a question that should be answered only after all options are considered.
Over the past few years it has been seen that many people face the problem of credit card debt bankruptcy. The main reason behind all this is the financial recession that has been prevailing throughout the world. As people are unable to solve their troubles, they opted credit card debt bankruptcy as
One of the many concerns you may have if you are considering bankruptcy is whether you will be able to keep your home. Your bankruptcy filing creates an estate consisting of all of your property, including your house. The Bankruptcy Code provides that you may exempt certain property up to a certain
Many of us struggle with finding the exact path to success.The answers we're given sound so easy, but how to apply them to your business is usually the dilemma. Have you ever tried to make a list of all the ways NOT to be successful?This article helps you think about your path to success from a
Should you sell all your stuff and knock out your debt in one go, or take a slow-but-steady approach? The bottom line, when it comes to reducing debt, is that no single method is better than another. Your own situation and financial habits will help you determine what might work best for you. Regard
When you are going through a bankruptcy, just getting through the process can be overwhelming. However, if you have filed for bankruptcy, it is important to remember that you still need to begin rebuilding a strong credit rating. Your financial future depends upon it.
Chapter 7 bankruptcy can be an intimidating procedure for homeowners because it involves the risk that the trustee may sell your home as part of liquidation proceedings. The trustee liquidates your property as a way to raise funds to pay down your debts. Generally, a mortgage can help protect your h
Most people wonder what the difference is between these two chapters of the bankruptcy code. Some people think that in a Chapter 13 they repay their creditors all they owe. Whereas other people think that in a Chapter 7, they lose all or most of their possessions. To what extent are these ideas corr
A used car purchase is often a gamble. Do your best to learn about the maintenance and service history of the vehicle you're purchasing to determine if you'll have to pay for repairs in the future. Before you decide on a purchase, consider taking the car to a mechanic for a proper inspection.
