Bankruptcy : Business & Finance
In today's society it seems that people are no longer shocked when they hear about corruption. It is everywhere you look from the top down to the bottom. The security business is booming because of all the liars, cheaters, thieves and crooks everywhere you turn.
Steps to Take Before Filing for Bankruptcy ProtectionTaking a few smart steps before you file for bankruptcy can be just as important as the actions you take during the process. First, carefully assess your financial situation. Be sure that filing bankruptcy is the best way to cure your...
When an individual citizen decides he cannot pay his bills as promised, he usually can file for the type of debt relief known as federal bankruptcy, according to the book “How to File for Chapter 7 Bankruptcy.” But bankruptcy, whether the type is Chapter 7 debt forgiveness or...
Liens are debt on a property, using the property as collateral. Liens grant their holders an interest or stake in the property, meaning that the debt held must be paid in full before ownership of the property can be transferrable.
If you file for Chapter 7 bankruptcy and complete the court's requirements, you can expect a bankruptcy discharge within four to six months. When the court discharges your bankruptcy, it eliminates your legal responsibility to repay any debt you included in your bankruptcy petition. A Chapter 7 dis
Victims of both Hurricane Katrina and Hurricane Rita may now file for bankruptcy without many of the filing requirements facing most debtors today. Find out what restrictions have been lifted for the survivors here.
If you are in a situation were you need to file for a Bankruptcy then you need to know the rules so you can better equip yourself for your situation. We all get into trouble from time to time and sometimes it is necessary to file for Bankruptcy do that we can get a fresh start. It is important to kn
Debt relief scammers prey upon those who are already in difficult financial straits, hoping to con them into paying big bucks in return for reducing their current debt burden. While there are plenty of ethical debt relief and credit consulting firms, this sector of the financial industry remains a h
Taxpayers are expected to pay any tax owed on or before the April 15 tax deadline. Taxpayers who are late filing their returns are assessed additional penalties and interest on the tax owed.
Negotiating a debt that a creditor considers a write-off is possible in writing or over the telephone. The creditor officially lists the debt as a charge-off after considering it noncollectable because you stopped making payments as agreed. Charge-offs usually occur after debts are past due by more
Chapter 7 bankruptcy is generally the quickest form of bankruptcy and is available to individuals, couples, corporations and partnerships. To be eligible to file Chapter 7 bankruptcy it needs to be determined by conducting a means test which was regulated together with the 2005 amendments of the ban
If you are having trouble making your mortgage payment, contact your lender immediately to explore possible foreclosure prevention methods. Some options include refinancing at a lower interest rate, requesting a forbearance, modifying the loan or selling the property through a short sale. If you exh
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 provides remedies to debtors and creditors. Bankruptcy grants immediate relief to debtors with overwhelming debt. Debtors who utilize bankruptcy to their advantage are able to maintain an affordable standard of living while relinqui
The legal system has taken some negative hit due to the activities of some profit driven lawyers. It does not take away the fact that there are some other lawyers who have upheld the high standards in the industry. When you are seeking for an attorney who would help get you out of your financial rum
When you don't get the service you want or expect from a company, you may have to file a customer service complaint. Sometimes this is your only way to resolve a problem. If you have spoken to the company's representatives, cashiers, correspondents and supervisors to no avail, filing a formal compla