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Understanding the Different Types of Bankruptcy
24 Apr 2010 Bankruptcy is something that no individual or company wants to go through, but the reality of the matter is that it happens more often than we would like. What many do not realize, though, is that there are distinct types of bankruptcy that can be filed. Which type you file relies […]
What You Need to Consider When Filing Bankruptcy
23 Apr 2010 If you are considering bankruptcy it is important that you understand everything that it entails before you make the very big decision to file or not file. It is our goal to provide you with some information to better help you make an educated decision so that you can be sure […]
Chapter 7 Bankruptcy Can Help You to Start Over
22 Apr 2010 When a person goes home from work each day, only to be greeted by a new group of bills, and messages from bill collectors, it becomes a depressing situation. Often, through no fault of your own, you have been overwhelmed with debt. This might have resulted from an unexpected illness, a […]
Why You Will Never Qualify For Chapter 7
21 Apr 2010 Chapter 7 is known as ’straight’ or ‘liquidation’ bankruptcy. In this, almost all your debts are cleared as your property and the assets are sold at the rate to pay your creditor.
Drafting a Chapter 13 Repayment Plan
20 Apr 2010 Chapter 13 bankruptcy is a restructuring bankruptcy, one in which you use a portion of your income to pay off your debts over a set period of time. Unlike other forms of bankruptcy (such as Chapter 7), in which property is liquidated and the profits used to pay off debts, restructuring […]
Is it Possible For the Insolvent to Avoid Bankruptcy?
19 Apr 2010 When a firm becomes insolvent, it is possible for it to avoid being sued for bankruptcy. Becoming bankrupt is a serious issue and must never be taken lightly. A creditor can sue you for bankruptcy for just £750. If you are sued for bankruptcy, you can negotiate with your creditors and […]
Think Twice About Using Student Loans For Trade Schools
18 Apr 2010 A recent New York Times article discussed how trade schools have become somewhat unexpected beneficiaries of the current recession. They have been realizing higher profits and seeing more students, or rather customers, enter the doors. There are several reasons for this phenomenon.
Main Benefits of Student Loan Consolidation
17 Apr 2010 Student loan consolidation is instrumental in simplifying the loan repayment schedule. The main aim of loan consolidation is to club prevailing parent and student loans into one single loan. In this process a new lender usually takes over the existing loans by repaying all the dues. The main advantage of loan […]
Health Care Bill Expands Direct Student Loan Program
16 Apr 2010 The extensive health care legislation that’s been in the news for a year or longer was voted upon and passed a short while ago. The final bill looks as if it will be signed soon. A rather surprising addition to the legislation is that the federal government direct student loan program […]
How Do Students Benefit From a Student Loan Consolidation?
15 Apr 2010 A student loan consolidation is nothing but taking all a students existing loans and reconciling it into single loan. The end result of consolidating these loans is a decrease in monthly installment amounts and interest rates applicable to the borrower. The student no longer has to be concerned about making several […]
A New Niche in Paying For College Education
14 Apr 2010 If you have bad credit and cannot get a car loan, then you might know that there are many car dealerships that offer “buy here, pay here programs.” In these cases, the dealer itself or a lending company that works directly with the dealer will provide the loan to you. In most […] |