Taking a business establishment to unexpected heights of success is not a child’s play. It is not easy to effectively manage and handle business and related issues. Under the Florida Law, an employer should provide ...
With unemployment hovering over seven percent, the prospect of losing a job worries many people. Perhaps you have already lost a job, which is why you are worrying about your financial struggles and contemplating bankruptcy. ...
Many people are embarrassed to find themselves in the place they are today... out of work, no savings, house near or in foreclosure, cards maxed out, the car payment due (or behind), and no where left to turn. There is no shame in filing bankruptcy! It's our constitutional right our forefathers
Creditors transfer or sell delinquent accounts to collection agencies because, unlike the original creditor, these agencies specialize in collecting overdue debt. Federal law limits what actions debt collectors can take during the debt recovery process. Collection agencies, however, still possess a
You stopping payment on your car loan can trigger a repossession. After taking back a car, auto lenders might sell the car at auction. But having your vehicle sold at auction doesn't let you off the hook. If the car sells for less than you owed, the lender may begin collection to recover the deficie
The most commonly filed Ohio bankruptcy is the chapter 7(liquidation) and chapter (wage earners plan). Therefore the information you read on this article is focused more on the process of filing for the above chapters ...
The actions you take in the 90 days before filing bankruptcy could affect your discharge in both Chapter 7 and Chapter 13 bankruptcies. By avoiding certain activities, such as actions the court may view as fraudulent, you can improve your chances for discharge. Even though you don't receive a Chapte
Chapter 7 bankruptcy can provide a clean financial slate for someone with insurmountable unsecured debt like credit cards and medical bills. Before a person receives this new financial start, the majority of his assets are liquidated by the court to pay his creditors. Each state in the...
Bankruptcy law doesn't exist to protect those with nothing. Bankruptcy law exists to protect people who still have assets, enabling them to save those assets and avoid losing everything. A permanently "judgment proof" person shouldn't wast money on a lawyer or blow their once-in-
While most people tend to think of Chapter 7 when considering bankruptcy, the truth is not everyone will qualify. In general, it is much easier to qualify for Chapter 13 because there is less income ...
Debt negotiation companies have the potential to save clients money--but choose wisely.money money money III image by imagenation from Fotolia.comAccording to the Better Business Bureau, debt negotiation (or debt settlement) companies claim to negotiate with lenders to lower the amount of...
Helping your parents with their debt offers challenges you might not expect. Parents don't always want to reveal their financial issues or accept help from their adult children. Not only might they feel shame about their financial mistakes, they might be uncomfortable about receiving direct financia
Bankruptcy, a legal process, can help you get out from overwhelming debt. Not only can your credit cards, personal loans, auto loans and mortgage be listed in a bankruptcy, but so can judgments. As with all bankruptcies, there are limitations to the types of debt that can be taken care of.
Executory contracts are a factor in Chapter 11 bankruptcies more often than in Chapter 13 bankruptcies. A Chapter 11 involves a corporation entering into a payment plan to satisfy outstanding debts over a period of years, rather than ceasing operation. A Chapter 13 is the same sort of plan, but desi
The term bankruptcy is always a trouble for financial institutions and for the consumers as well if they understand it in real terms. The laws of the state have given a protection to the consumer who fails to pay his debts to his creditor. No one can ask for any recovery if a person is bankrupt. The
Bankruptcy can eliminate or clear some of your debts like credit card, car, rent, etc. As good as bankruptcy sounds, it does have a few disadvantages.
It's very true that the bankruptcy law planet has become quite dark due to some bankruptcy lawyers who are powered by merely the cash they could make, but aren't driven by the help they can give others.
Are you a person whose debt spiraled out of control due to a medical emergency, a death in the family, loss of income or divorce? Are you buried in debt because your salary doesn't cover all your daily living expenses? Did your financial situation changed recently forcing you into falling behin
One can find federal laws for bankruptcy within the United States Of America. Still, each and every state has its very own set of policies that need to be implemented too. This post features Florida Bankruptcy laws for those persons living inside the sunshine state.
