Bankruptcy : Business & Finance

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The Hidden Cost of Bankruptcy

The Hidden Cost of Bankruptcy

Bankruptcy is a contentious word for a whole number of reasons. Firstly it relates to a situation whereby a Debtor not being able to satisfy or compound to his Creditors a suitable amount has to turn to the Courts for protection and at the end of the day everyone loses out. No one is a Winner here.
Personal Debt Bankruptcy - Consider Other Debt Relief Options Prior to Filing Bankruptcy

Personal Debt Bankruptcy - Consider Other Debt Relief Options Prior to Filing Bankruptcy

If you are not earning but spending at a rapid rate, you bank balance will move towards a big zero. In other words, you will approach personal debt bankruptcy. We have been hearing a lot about the negative factors of recession.
Avoid Filing For Bankruptcy - Important Debt Relief Advice That Could Save You Money

Avoid Filing For Bankruptcy - Important Debt Relief Advice That Could Save You Money

If you are one of many people in debt due to the recession then you might have thought about different ways to clear it. There are a lot of ways to clear your debt, but the most common used are bankruptcy and debt settlement.
How Bankruptcy Courts Help In Dealing With Foreclosure

How Bankruptcy Courts Help In Dealing With Foreclosure

Bankruptcy courts can help immensely in dealing with foreclosure by issuing an automatic stay that becomes active the moment you file for bankruptcy.
Tackling Your Debt: Developing a Budget

Tackling Your Debt: Developing a Budget

Tools to use for developing a budget.
Fast-track Method to Get Out of Debt

Fast-track Method to Get Out of Debt

According to Bankrate.com, the average household debt in the United States is $14,500, as of 2011. If you are simply making the minimum payment on your credit cards, it can take years to pay off those debts. Spending $1,000 on a credit card takes an average of 22 years to pay off. If you have an exc
Who Can File For Bankruptcy - Do You Qualify to File For Bankruptcy?

Who Can File For Bankruptcy - Do You Qualify to File For Bankruptcy?

If you're wondering who can file for bankruptcy, you are not alone. Many people want to know if their situation will allow them to do this, because while it's certainly not an easy way out, as many think, it is sometimes your only option. The truth is, you have to meet some very specific c
Knowing How to File Bankruptcy Makes Bankruptcy Process Easier

Knowing How to File Bankruptcy Makes Bankruptcy Process Easier

There is no use shouting and letting everyone know that you are broke and it certainly will not help you on how to file bankruptcy.However, in general, you should contact an experienced bankruptcy attorney.
Advice On People Considering Filing Personal Bankruptcy

Advice On People Considering Filing Personal Bankruptcy

One of the most difficult financial decisions a person may have to make in their life is to decide to file for personal bankruptcy. With such a big decision, you should be sure to know ...
When Is the Best Time to Start Looking for a Bankruptcy Lawyer?

When Is the Best Time to Start Looking for a Bankruptcy Lawyer?

If you've been watching the financial news for any length of time, you know that bankruptcy is something that comes up quite frequently. In fact, it is rare not to go a day without hearing about somebody filing for this process. One question you may have is when exactly you should look for a ba
The Truth About Bankruptcy

The Truth About Bankruptcy

Many individuals are struggling with debt crisis and have thought about filing for bankruptcy.Mostly people suffer for years in debt when they could have obtained relief sooner if they just took the time to find out what bankruptcy was really all about.
Bankruptcy and Debt Settlement - The Differences Between Bankruptcy and Debt Settlement

Bankruptcy and Debt Settlement - The Differences Between Bankruptcy and Debt Settlement

Bankruptcy and debt settlement are the two most popular debt relief methods of the time. Even though the both methods are presented to be popular there are apparent differences between them. Bankruptcy is not a recommended method when compared with debt settlement. Debt settlement has more merits th
3 Reasons You Should Go Ahead and File For Bankruptcy

3 Reasons You Should Go Ahead and File For Bankruptcy

Sometime there are times in life when you might have to think about filing bankruptcy. Don't make these mistakes and do what I did.
Can I File Bankruptcy After a Debtor Files a Lawsuit?

Can I File Bankruptcy After a Debtor Files a Lawsuit?

If a debtor has problems paying his bills, his creditors will probably begin to get more aggressive as they try to collect the money owed to them. When a creditor feels there is no other way to collect the money, it may resort to a lawsuit to make the debtor pay. As a result, many debtors end up see
Chapter 7 Vs. Chapter 13

Chapter 7 Vs. Chapter 13

Bankruptcy is the process by which individuals or organizations with unmanageable debt attempt to adjust or discharge their debts through court intervention. Before you file, you should seriously consider attempting to negotiate with creditors.
What Happens When a Business Declares Bankruptcy?

What Happens When a Business Declares Bankruptcy?

Bankruptcy is just as disastrous for a business and its owners as it is for an individual. The failure of a business saps morale, creates anxiety about the future and damages professional reputations. There are many factors that cause a company to declare bankruptcy, but the steps that occur during
How to Stop Foreclosure Using Chapter 13 Bankruptcy

How to Stop Foreclosure Using Chapter 13 Bankruptcy

In 2009, there were more than 1.4 million bankruptcy filings in the United States. Most personal bankruptcies are Chapter 7 filings. But with scores of people facing foreclosure, more individuals are filing Chapter 13, because it allows them to keep their homes. Here are some of the important facts
How to Calculate Debt From GDP Numbers

How to Calculate Debt From GDP Numbers

A country's national debt is the sum total of its annual deficits and surpluses over time. A deficit occurs when a country's governmental income over the course of one year is less than its expenditures. Deficits are added to the total national debt. Deficits are normally measured in relation to a c
The Chapter 7 Bankruptcy Means Test - Overcoming the Presumption of Abuse

The Chapter 7 Bankruptcy Means Test - Overcoming the Presumption of Abuse

The "Presumption of Abuse" in Chapter 7 and how to overcome it