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Bankruptcy : Business & Finance

Is a Judgment the Same As a Lien & Which One Is Worse?

When you find yourself in debt, creditors can use a number of tactics to try to collect the balance that you owe. In this situation, you may hear the terms "judgment" and "lien" used frequently. While these terms are related to one another, they do not mean the same thing.

Exhaust Alternatives Before Bankruptcy

Do not go barreling into bankruptcy just because the bill collectors are getting testy on the telephone. Thoroughly research and consider all alternatives before filing bankruptcy.

Top 5 Reasons People File For Bankruptcy

There are many different reason people file for bankruptcy but here I have the top 5 reasons people file for bankruptcy.By filing bankruptcy you won't eliminate your mortgage on your property. What will happen is you will structure a plan so that you can repay the amount that you are behind on

Tips on the Right Ways to File Bankruptcy

Bankruptcy can be the biggest burden for an individual as well as a business organization. It is a condition where the business or the individual cannot meet the debt commitments and petitions. This condition may be voluntary or involuntary.

Credit Counseling: An Underrated Experience

If you're thinking about filing for bankruptcy, then you probably know that you'll have to go through a credit counseling program before your case is completed. Credit counseling is court-ordered as a part of the bankruptcy process, but unfortunately, many people discount the value of good

Grants for Getting Out of Debt

Someone, or some company, wants its payment in a timely manner.you owe me money. image by Ken Pilon from Fotolia.comWhen thinking about all the money the government shelled out to large banks and corporations during the 2008 to 2009 recession to keep them from going under, it may seem...

Are Medical Bills Excluded for Credit Evaluations?

Lenders reviewing your credit profile consider both your debt level and your positive and negative accounts. The more negative accounts that appear within your credit history, the higher risk the lender incurs by approving your application. Medical debts appear on your credit report as collection ac

Can Creditors Garnish Your Wages?

If you've fallen behind on your bills, you may fear that your creditor will attempt to get payment by taking some of your wages through garnishment. Creditors may pursue garnishment in many states but only as a last resort. And they must follow strict legal protocol.

Repossession or Charge Off, What Is Worst?

Repossessions and charge offs are both very damaging to credit reports, and either could make it difficult to obtain competitive rates on loans and credit cards for several years. They serve as a red flag to future creditors because they show the debtor did not pay a loan as agreed. Although both ar

How to Be Debt-Free in 10 Years

It doesn't matter what the economy is like, people are always worried about paying off their debt. Depending on the amount of debt you have, you may be able to pay your debt off quickly. If your debt is larger, you may want to create a goal to pay everything off in 10 years. Creating a plan to meet

Can I File for Bankruptcy If I Had Joint Accounts With an Ex-Husband?

The financial stress of divorce is second only to the emotional strain that it causes. Essentially, divorce turns a marriage into a business transaction, with property to divide and decisions about how to divide debts between the two people. A divorce decree may dictate who is responsible for which

The Basic Contents of Apartment Leases

Before renting an apartment, you must first sign an apartment lease. This legally binding agreement is a contract between you and the apartment owner on the terms of the rental. The terms of this contract must be followed and will be enforced in municipal housing court. Thus, there are some basic co

Early Dismissal of Chapter 13 and Its Effects on Old Debt

A Chapter 13 bankruptcy that runs as scheduled and that finishes with a discharge can be a great help to a person with a lot of debt problems. Chapter 13 bankruptcy can also be very difficult, however, and it's a long process. Many Chapter 13 cases end before the debtors complete them, either becaus

Finding Bankruptcy Assistance Online

Bankruptcy can bring more problems with it than you might expect, especially if you're not entirely sure what it is.Luckily, there are a variety of online resources that can not only educate you as to the ins and outs of bankruptcy but can also assist you with your filing or help you to find an

Tips When Filing For Bankruptcy

Hard financial times have fallen on millions of people all over the country. If you are a Las Vegas resident who is having trouble paying your bills every month, bankruptcy may help you to start on the road to financial renewal. Even though bankruptcy laws vary slightly from state to state, the proc

Unemployed, Don't Burn Assets When Filing Bankruptcy Is A Better Option

There are many Americans these days kicking around the idea of filing for bankruptcy. Just looking around it's obvious why so many people are struggling to pay their bills. Between 2002 and 2008 the credit industry freely gave anyone credit, even your dog if he applied.

How to Behave When Filing Bankruptcy

It's no secret that about 1 1/2 million Americans are filing bankruptcy every year. Back in 2005, Congress amended the bankruptcy code to stop individuals that they believed were abusing the bankruptcy system. They felt that many people filing Chapter 7 bankruptcy were capable of at least payin