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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.

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

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 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.