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Bankruptcy : Business & Finance
What Is an Asset Ratio?
There are several types of asset ratios that can be important for investors to examine the stability of a business. Asset ratios generally provide an indication of the available liquidity a company has so that it can meet its basic financial obligations. Asset ratios can provide a handy reference fo
How to File Chapter 7 With a Rental Property
Rental property can be a complicated subject in Chapter 7 bankruptcy because rental property does not qualify for a homestead exemption as a primary residence. Some people may be able to keep rental property if their state has a wild-card exemption and the equity in the house is below that amount. H
How Do Bankruptcy Rules Apply to Your Situation?
You need to know how the bankruptcy rules and laws apply to your specific situation before you can determine if bankruptcy is for you. If your case is not presented correctly, you may not even be approved to file bankruptcy. Find out here what you can do.
How Many Days Does a Bankruptcy Trustee Have to File a Preference Action?
A preference action is a lawsuit that a bankruptcy trustee can file to get money back that the debtor paid to a creditor before filing bankruptcy. If the trustee can prove all the elements necessary for a preference action, he can get that money back; however, he only has two years after the date th
Get Your Answer For How to File For Bankruptcy
What you don't want to do is make the mistake that you think you know enough about bankruptcy that you file yourself. Let me make it very clear, filing your own bankruptcy is taking a huge risk which can easily create as many new problems as old ones it solves.
How to Recover from a Bankruptcy
Bankruptcy is a funny thing. While it is true that a bankruptcy can negatively impact a person's credit score in a very bad way, the process of bankruptcy recovery is something that starts as soon ...
Will The Court Allow A Conversion Of A Chapter 7 Bankruptcy To A Chapter 13?
To start with, Chapter 7 bankruptcy is different from Chapter 13 in the sense that the former permanently discharges a debtor's obligations to repay certain debts, whereas the latter only offers a fractional repayment plan. Although there are more benefits provided by Chapter 13 compare to Chap
Filing Personal Bankruptcy - Tips
When you were a child, you probably dreamed about the many things you would like to accomplish in your life, as most people do. You made goals then sought ways to accomplish them.
Bankruptcy - Select the Correct Option and Benefit From it
Filing for bankruptcy can be a discomfiting experience but it doesn't have to be a difficult one. There are some guidelines when you are in bankruptcy. This article offers some good tips and steps to for getting yourself ready to deal with such financial issue.
Credit Debt Bankruptcy - How To Legally Avoid Filing Bankruptcy And Eliminate Bad Credit Debt
Credit debt bankruptcy cases continue to be a major concern for many consumers and small businesses. Coming off one of the worse recessions since the Great Depression there are more consumers on the brink of bankruptcy than ever before. Before filing bankruptcy however you should consider your debt
A Bankruptcy Attorney Should Help With Debt Reaffirmation
One of the most time-consuming and frustrating things a bankruptcy attorney has to deal with is a reaffirmation agreement. A reaffirmation agreement is a contract between the debtor filing bankruptcy and their creditor to keep a secured piece of property outside of the filing. Many individuals filin
What Steps Are Needed to File Bankruptcy?
A bankruptcy filing requires the debtor to take certain steps before the bankruptcy court can find the filing valid. This process includes education courses, extensive paperwork and a courtroom appearance.
When Should Company Liquidation Be Used?
If you do not want to continue running your business or you think it is in difficulty and cannot continue to trade, then you need to get good information about your possible options. One area which you will need to consider is company liquidation. The purpose of this article is to explain in simple
Inexpensive Ohio Personal Bankruptcy Lawyers - 7 Tips to Locate a Low Price Attorney
Choosing the best Ohio personal bankruptcy lawyer often means the distinction between the smooth process along with a bumpy trip. It can be done to document bankruptcy by yourself, but personal bankruptcy lawyers understand the ...
Some Tips For Finding Bankruptcy Help
If you look at your current financial situation and have come to the conclusion that bankruptcy is the only way for you to start fresh, then the next thing you need to do is find proper bankruptcy help. This is not as hard as some may think it is, and there are a few tips that you can follow so that
Help To Reduce Debt
Debt elimination efforts can fail without a solid plan. Debt can accumulate from overspending, job loss, medical problems or poor budgeting. You may solve your debt problems, and ultimately improve your personal finances. With fewer debts, there's more cash for savings.
How Long Do Bankruptcy Procedures Last and Will Being Bankrupt Haunt Me For the Rest of My Life?
While bankruptcy is usually our last option when we find ourselves up to our neck in debts and we cannot see any possible escape route, it is however, not such a dreaded choice. The fact you have filed for bankruptcy does not necessary mean you are cleared from the totality of your debts or that you
How to Open a Small Business After Bankruptcy
Starting a business after bankruptcy presents challenges, especially if your bankruptcy happened recently. Choosing a name for the business and registering with the various local and state agencies will not be an obstacle, but you may encounter problems securing business credit. You must convince po
Florida Child Support Garnishment Rules
In 1975, the U.S. Congress required all states to create child and spousal support collection offices to help reduce the burden on social services and to provide motivation to collect these funds. Florida handles this through their department of revenue and a special child support division. Under fe
Definition of Debt Liquidation
People often need to take out loans in order to finance life choices. Debt is not a bad thing if it is within your budget to pay it back in the future. If you find yourself in a bankruptcy situation, consider debt liquidation.