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Bankruptcy : Business & Finance

Bankruptcy - The Best Ways to Deal With It

If you are thinking about filing for bankruptcy,see what the best ways of dealing with bankruptcy are. You need to know the different types of bankruptcy and the variety of services available to you.

Chapter 13 Bankruptcy Filing Process

Bankruptcy is a legal way to deal with debt you cannot repay. In place since 1978, the Bankruptcy Code defines six ways to file bankruptcy, each with its own process and outcome. Of these, "Adjustments of Debts of an Individual with Regular Income," or a Chapter 13 bankruptcy, is a way for you to ke

Negative Effects of Bankruptcy on Your Financial Future

There will definitely be negative effects from bankruptcy on your financial future for quite a while, but you can do things to make them better and speed the process along. In the mean time, this will come up when you go to apply for anything requiring a credit check--including loans, insurance, and

Debt Snowball Vs. High Interest

Choosing the right debt repayment strategy should depend on the circumstances of your debts, including the size of your debts as well as the interest rates. In general, two main debt repayment methods exist: the debt snowballing method and the high interest method. Each has its advantages. The best

How to Fight a Collection Agency That Has Loan Documents

While it is easier to deal with a collection agency that does not have loan documents, the fight is not necessarily over if they do have them. Your first line of defense is determining if the documents and debt are valid. Even if they are, and you do owe the debt, you can still fight back against ab

The Basics of Bankruptcy

There ARE alternatives to filing bankruptcy. There may be some dings on your credit for a little bit, but it's better than filing bankruptcy. Dave Ramsey explains more in this article.

Pros and Cons of Declaring Bankruptcy

Many people get understandably nervous when the topic of bankruptcy is brought up.They're embarrassed by the thought of having to declare bankruptcy because of what others might think and the effect it will have on their future credit rating.In addition, the new bankruptcy law that was passed i

Retirement Accounts and Bankruptcy

When individuals declare bankruptcy, they often lose many of their savings accounts and assets. Many people do not know, though, what happens to their retirement savings when they declare bankruptcy. Are retirement accounts exempted from bankruptcy proceedings?

What Do I Give an Accountant to File Taxes?

If you have a complicated tax return or you are unsure about preparing your own taxes, hiring an accountant can be the best way to go. An accountant will be familiar with new tax laws and may be able to lessen your tax liability by taking advantage of deductions and tax credits you do not know about

Medical Debt in Collections

Most debts, including medical bills, can go into collections if you refuse to pay them. The original creditor might hire a collection agency or write off the bill as a bad debt, then sell it to a third-party collection agency to recoup some of the lost money. Doctor, lab and hospital bills hurt your

Reestablishing Credit After Bankruptcy

Reestablishing credit after bankruptcy takes persistence, but it's worth it in the end. After you've discharged your debts people aren't sure how to react, but if you have a history of on time payments to show, they'll know they can trust you.

Is a Debt Settlement Service a Better Option Than Bankruptcy?

When you are so far in debt you cannot afford to continue your payments without needing to file for bankruptcy what do you do? Should you try to attain a debt settlement or file for bankruptcy anyways? Which program can harm you in the long run more effectively, and which can help you in the long ru

Filing for Bankruptcy in California

In spite of its nature as a federal proceeding, bankruptcy cases vary tremendously according to the specifics of state law. As a California resident, you must be aware of local bankruptcy rules that may vary from district to district, let alone from state to state. For Chapter 7 cases, both qualific

Is the Threat of Bankruptcy Paralyzing Your Decisions?

The story is the same throughout the world. While the economy was good, we borrowed happily. We took out unsecured loans and spent lots of money on our credit cards. Now money is tight, our debt is piling up, and we are seriously considering bankruptcy. But what are the options?

What Are Ways to Get to the Dragons on "RuneScape?"

Killing dragons is a reliable way to raise money in the online role-playing game "RuneScape." Because dragons drop dragonhide and dragon bones, players can receive a minimum of 5,000 gold for each dragon killed. In addition to dragon bones and dragon hide, some dragons drop the draconic vi

How Can I Find a Job After Declaring Bankruptcy?

Getting a job is one of the best ways to make sure you don't fall back into debt after declaring bankruptcy--and it may not be as hard as you think to secure a job. There are a few simple steps you can take in order to minimize the effect that your bankruptcy will have on possible employers. Fi

Is Debt Dismissed by Chapter 7 Taxable?

If you are financially struggling, Chapter 7 bankruptcy can potentially help you discharge some of your pre-existing debt obligations. But you must economically qualify to file Chapter 7 and go through a court examination of your income, assets and debts, according to the book "How to File for Chapt