Bankruptcy : Business & Finance
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
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
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.
There are two forms of debt, and some very effective ways to eliminate them. That's what this article is about: what secured and unsecured debts are, what bankruptcy is, and how to file to effectively discharge all your major debts. This guide defines key terms in order to make the process easi
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
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.
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 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.
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
Individual Voluntary Arrangement AKA An "IVA" is a solution for people experiencing debt problems, when someone is in serious debt, an IVA is a much less severe alternative to the more widely known option of bankruptcy. In most cases it still allows you the ability to keep your house and c
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
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 ...
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
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
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
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