Bankruptcy : Business & Finance
The Internal Revenue Service is a feared debt collector. As the Federal government's primary collection arm, the IRS has a wide variety of collection tools at its disposal, from garnishing wages to seizing property and assets and even imposing jail time. But the IRS is still subject to the rule of l
If you tell someone you are planning your strategy to apply for bankruptcy, it would sound rather suspicious. Who in the right mind would plan to go bankrupt ahead of time? The truth is that if you are facing financial difficulties and bankruptcy is your sole option, then you do want to plot your ba
A bankruptcy is a legal proceeding in which a debtor declares that he is unable to repay his creditors. Bankruptcy involves a complicated set of laws, and bankruptcy attorneys are lawyers that specialize in bankruptcy cases and advice. If you need assistance with a bankruptcy issue or need legal adv
If you're thinking of filing a bankruptcy claim, remember that it's not going to be easy for you, as creditors hardly bother about your condition, no matter how sincere you have been in your payments in the past. To make things easier for you, here are certain steps.
Selecting a good bankruptcy lawyer can be one of the most important choices you will make.Find out what to look for when selecting the right lawyer and make sure he or she has your best interests at heart.
Out of trust (OT) situations. Rules for Lenders. Automobile dealership flooring lines sold out of trust.
To seek protection from your creditors under the federal bankruptcy law, you must meet minimum eligibility requirements, submit your tax returns to a court-appointed trustee and attend meetings with the trustee and your creditors. Filing for bankruptcy is not easy; however, you can do so without the
On September 13, 2012, the Fed announced their plans for more quantitative easing. For those of you that don't know what quantitative easing is, it is nothing more than printing more money in laymen's terms. Nowadays, in this tech driven world it is actually called digitizing which is noth
There is one point that each and every person visiting a hospital must check - the hospital bill. There are numerous instances where the administrators have overcharged the customers. In some cases, this has been done by accident but in some cases it has been done deliberately. Rather than relying o
When a business accumulates so much debt that it cannot recover, it may file for Chapter 7 bankruptcy. Chapter 7 allows a business to legally liquidate its assets while it dissolves. Federal bankruptcy laws govern Chapter 7 bankruptcy.
Challenging economic situations, sudden layoffs, inflation or unforeseen financial expenses can put you in a situation of debt. Sometimes, these financial repayments can be overwhelming. However, you should realize that you are not the only individual who may be facing this crisis.
When you have gone through a Bankruptcy process, your ability to get finance is shattered. Then, restoring your credit is the first measure you need to take. Resorting to a mortgage loan in order to buy a home can be the solution to this problem and it will bring along other benefits.
Bankruptcy is a means of discharging one's legal debts. A bankruptcy filing enables the debtor to legally rid themselves of many financial obligations. There are several kinds of bankruptcy. One of the most common forms of bankruptcy is Chapter 13 bankruptcy. Those who file for this form of bankrupt
The following article lists some simple, informative tips that will help you have a better experience with bankruptcy. If you are one of the millions of Americans who have bad credit or bankruptcy on your credit report, and are looking to get a house someday, you may feel the need to correct your cr
No one looks forward to debt collection calls. Fortunately, the Fair Debt Collection Practices Act (FDCPA) protects consumers against collection activities that abuse consumers or treat them in an unfair or deceptive manner. Types of debt covered by the act include any personal debt,...
Bankruptcy can cause a terrific decrease in your credit score and stay on your credit report for ten years. Buying a car after bankruptcy discharge can help you to reestablish your credit and give you ...