In order to deal with bankruptcy, the government has established different programs that would help people prevent financial distress and problems. Seminars and lectures on how to handle finances have been aired in different government sponsored television channels. This is necessary in order to prevent society from being compromised due to misuse of funds and assets.The Process of Dealing with Bankruptcy By: Herschel Bentley ...more
Your Detroit Bankruptcy Lawyers will help you determine what your secured and unsecured assets are and we will help you protect your assets in filing your bankruptcy.Detroit Bankruptcy Lawyers: What Is The Difference Between Unsecured And Secured Debt? By: Kevin C. Johnson About the Author Kevin is a practicing attorney in Mount Clemens, Michigan. He practices in the areas of consumer bankruptcy, criminal defense, drunk...more
Yet, businesses can still earn a lot of money and they can still have a clean credit record if the manager and business owners would be competent and firm about how they manage their business. Through the use of credit management and consultancy agencies, business owners would be able to check for any problems that might occur in business. The consultancy agencies would also be the ones to assess if Bankruptcy would happen in the near future and what moves should be done to prevent such problems from happening. Business owners should also have an auditor committee in order to check for any fraudulent acts inside the company as well as to manage and file the company's assets daily and monthly. When employees are monitored often, they would not practice any fraudulent activities and that is why companies should have friendly and competent managers and supervisors. It is also important for such companies to have a clean record so that it can loan from other financial institutions in the future. That is why assessing a company for bad record and Bankruptcy is important.Assessing Companies for Credit and Bankruptcy By: Herschel Bentley About the Author Are you...more
For those struggling with debt, chapter 7 bankruptcy can be just the life saver they need to get back on track. However, it is a big financial and legal step, and Wisconsin has a lot of laws on bankruptcy, so if you're considering filing for chapter 7 in Milwaukee, there are a few things you should know before you decide if chapter 7 bankruptcy is...more
When considering bankruptcy avoid the following myths. In San Antonio, as in the whole of Texas where both federal and state regulations operate, debtors have a lot of support and options.1. The means test eliminates bankruptcy as an optionThe means test was created as a preventative tactic for people filling chapter 7 that had high disposable income, as its purpose is for those in the situation where they definitely can not pay their debts. If the debt you have is considerable amount or medical expenses have caused an unexpected debt load, chapter seven may be the best option. Many attorneys offer means test calculators. In addition, if you do not meet the qualifications for chapter 7, other bankruptcy options are likely to be more suited to your circumstances.2. Having a job disqualifies you from bankruptcyHaving a regular income means that you may have more options when filing bankruptcy.3. Bankruptcy wipes out everything you have earned over the yearsThis is not true, but still people fear this situation causing them not to get help from a lawyer or file the paperwork. It is also a fear that causes people to delay the inevitable with attendant loss of property. If you are in...more
Filing for personal bankruptcy in the United States has reached epidemic proportions. The economy is partly to blame. Unemployment has reached a fourteen-year high. Bankruptcies in Florida are no exception. Deciding to file bankruptcy is not an easy...more
As a person deeply affected by the recent economic recession, you definitely need all the support you can get to move through life. Especially since incurring bad debts can lead to legal impediments for you, that is why it is very imperative to seek...more
Going bankrupt is never an easy occurrence. It is such a challenging and a very draining experience in all aspects of your life that you wish in the first place that it should not have happened to you. That is why; if you are on the brink of being...more
Sometimes, financial difficulties happen beyond our control. It is inevitably caused by the economic situation that we could no anything about it than to accept the harsh reality. The recession causes a domino effect thus creating financial turmoil...more
It is your personal and legal obligation to keep true to your promises in terms of acquiring credits and repaying them. Incurring debt can sometimes be inevitable, but it is still with stern provision that you need to repay these debts according to...more
Bankruptcy is an option provided to an individual undergoing financial difficulty that disables him to pay his obligations or debt. There are various kinds and it all depends on the situation of the person. The most common kind of bankruptcy is the...more