Bankruptcy : Business & Finance
When you face the repayment of a large amount of debt, you may wish to pursue a debt consolidation plan to help with the process. By consolidating your debt, you can focus on a single payment and potentially lower your interest rate. When consolidating debt, you need to keep a few tips in mind.
Debt settlement is the process of closing debt accounts by coming to an agreement with creditors. When creditors want debtors to continue making payments and are willing to change the terms of the debt or number of payments, it is known as a debt restructuring, which can often save debtor credit rat
It is clearly stressful to get chased by the IRS for tax debts that you are said to owe them. More complications may arise if you do not act immediately and let an experience tax lawyer handle the case for you. You can rest in the assurance that a Gilbert tax attorney will do anything in his power t
The Federal Trade Commission warns that bankruptcy should be an option of last resort because it can have a long-lasting effect on your credit profile. While filing Chapter 7 may give you an opportunity to start over financially, your starting position may limit you from obtaining further credit, a
Most people contemplating filing bankruptcy are at the end of their rope and there's little else they can do to right their economic ship. But filing bankruptcy is at the end of the world, it's ...
You can still get credit after bankruptcy but you need to understand how the credit game is played and follow the rules. Take these steps so that your credit profile is presented to potential new credit sources in the best possible light, even with your bankruptcy.
In South Carolina, private creditors cannot garnish your wages. However, federal agencies, such as the IRS (for back taxes) or the U.S. Department of Education (for federal student loans), may garnish your wages for debts you owe. Even though South Carolina is not a community property state, the IRS
If you use credit, chances are you have debt. Consumers use credit for small purchases, such as lunch, or major purchases, such as a new car or home. If you're unable to pay your debt, a collection agency may become involved and check your credit report.
With the current economic situation and the credit crunch, there are a large number of people who are unable to pay off their debt and are filing for bankruptcy. When one is unable to pay off the debt, there are several ways to deal with the situation. One of the alternatives is filing for bankruptc
You're in debt, thinking about filing for bankruptcy. How little can it cost to file? Find out here.
A judge is someone who presides over both civil and criminal legal cases filed within the courts. A judge may hear anything from a minor traffic case to a precedent-setting civil rights lawsuit depending on what court she presides over. In the United States, the court system is divided into federal
Airline miles, while seemingly insignificant, can be important assets in the bankruptcy process. A debtor must fully disclose all assets and financial holdings when initially filing for bankruptcy, including airline miles, regardless of the particular chapter of bankruptcy. Failing to provide a comp
Prior to 2005, just about everyone qualified to file Chapter 7 bankruptcy. Congress believed that too many people were abusing the system and wanted to make some drastic changes to the bankruptcy code. Congress believed that many people that were filing bankruptcy were capable of paying back at leas
Experts on bankruptcy insist that mindset and persistence can make a variation on your everyday life immediately after submitting for a Chapter 7 or Chapter 13. 'The client who's heading to recover more rapidly is ...
A bankruptcy trustee is charged with the liquidation of the non-exempt assets of a debtor. If the trustee finds assets, he will give notice to creditors and provide a distribution schedule. Similarly, if the trustee finds no assets, he will also give notice to creditors. These notices issued by the
You are working hard, making a good salary. You have all that you need and more. You have a nice home, two cars, a 4-wheeler, just took a trip and put all the charges on one of your credit cards. Then you and your wife find out she is pregnant, with twins. Maybe you weren't expecting this now,
For those of you who do not know the difference between a chapter 7 bankruptcy filing and a chapter 13 bankruptcy filing, here is my rule of thumb: If a debtor has the ability to pay back all or some of his debts, he most likely will need to file for protection under Chapter 13 of the bankruptcy cod