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Bankruptcy : Business & Finance

Sued For Debt - Is Bankruptcy the Right Choice?

When people sued for debts, they often panic and look for the quickest, easiest, least scary way out. And bankruptcy often occurs to them as the solution. I believe there are usually much more effective ways to handle old debt, especially credit card or merchant account debt that has been sold to a

If I File For Bankruptcy Can I Keep My Car?

Filing for bankruptcy is an incredible stressful experience and leaves you with a lot of questions. This article helps break it down a bit and explains some of the basics.

Understanding the Different Types of Bankruptcy

There are several different types of bankruptcy that can be filed. The type depends on the financial situation and whether it is being filed on behalf of an individual or business.

Bankruptcy Explanations That May Relate To You

Filing for bankruptcy is a key decision to make. If the following reasons pertain to you, then you must visit a Northridge bankruptcy attorney or a Tarzana bankruptcy attorney to aid you in this type of monetary crunch.

How to Stop Zombie Debt

Zombie debt can come back to haunt you. It's a debt that you may or may not have defaulted on in the distant past. Debt collection companies buy these old debts for pennies on the dollar and then harass you, trying to make you pay--raising this debt from the dead. In many cases, though, you are no l

When Should I Begin Collecting Social Security?

When we explain the financial planning process with our clients, one of the most frequent questions asked by clients nearing retirement age is: Should I begin collecting Social Security benefits at age 62?

Emotional Toll of Bankruptcy Filing

The emotional toll of bankruptcy filing is a great one, and something not to be underestimated when considering your next moves. If you don't face how difficult this is for you emotionally, you won't be able to truly move on in any aspect of your life. Don't let this define you, face

The Effects of Consumer Debt

Consumer debt, another name for personal or individual debt, has its advantages and disadvantages. While some debt is considered good, in other cases debt can lead a consumer to experience a number of financial difficulties. Understand the potential effects of consumer debt before you apply for a cr

Pro Se Bankruptcy Tips For People At The Starting Stages Of Planning A Petition

Looking to file a bankruptcy petition on your own (without the help of a bankruptcy lawyer)? If so, your pro se bankruptcy petition process need not be as complicated as you might otherwise think. This brief article looks at three questions you should ask yourself before taking on the do-it-yourself

Grants for Latinas

The Latin American community is the largest minority group in the United States and also the fastest growing demographic group. They self-identify as Hispanics, primarily on the East Coast, and as Latinos on the West Coast, according to the White House Office of Management and Budget. Research from

When Does it Make Sense to Declare Bankruptcy?

This is a personal question and must be thoroughly thought out by the person asking it.Seeking the advice of an attorney and discussing the homeowner's goals would help the homeowner to make the decision that is right for them.

Don't Leave it Too Late to Avoid Bankruptcy

We all know how easy it is to avoid bankruptcy - just don't buy anything with credit. But how realistic is that? How many of us would have homes, businesses and jobs if we did not have some sort of debt.Debt surrounds us - in our personal and business lives, our country is even in debt. Debt is

Bank Accounts For the Bankrupt

Bankruptcy is a legally declared state in which one's assets cannot cover all his liabilities. This is a state that can be faced by individuals as well as companies. Once the court has declared an individual or a company bankrupt, their bank accounts are closed. This calls for alternative arran

Secured Debt And Unsecured Debt

As you pay your bills each month, you may not realize that some of your debts are secured while others are unsecured, and the differences between the two are critical in prioritizing your payments.

Things to Consider Prior to Filing Bankruptcy

When someone is going to file for bankruptcy, chances are that they aren't taking everything that they should into consideration. There are a lot of things that people don't think about when they think about bankruptcy, but knowing them are going to help you to be more prepared.

Will Bankruptcy Solve Your Debt Problems?

Thinking about filing for bankruptcy? Have you done your research about bankruptcy yet? Are you going into foreclosure? Does your credit suck? How many credit cards does it take?

5 Steps to DIY Debt Management

Filing bankruptcy or hiring an agency to manage your debts can provide an easy fix. Unfortunately, these methods do not help your credit score. Rather than rely on others or take extreme measures to get rid of debt, consider effective do-it-yourself methods to dissolve your consumer debts.

Bankruptcy Property - What Can You Keep When You File?

One of the biggest questions people have about declaring bankruptcy is what happens to their personal property. Bankruptcy property is treated differently depending on the type of bankruptcy filing and whether the assets are exempt. Let's assume that you are filing Chapter 7 bankruptcy, since t