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Bankruptcy : Business & Finance

Different Bankruptcy Alternatives

There are several debt relief options to keep you from filing for bankruptcy. If you are in a dire financial situation, you may want to research further before you really consider yourself bankrupt. The consequences of this debt relief option is very damaging to your credit history and may keep you

Chapter 7 Bankruptcy Discharge

The primary purpose of bankruptcy court is to discharge certain debts to give a debtor a fresh start. A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. Discharge prohibits the creditors from taking any form of collection action against debtors o

Can Bill Collectors Take Your Assets?

When bill collectors start calling you, they may use all kinds of threats to get you to pay your bill. In many cases, collectors will threaten to seize your assets to repay the debt. While they may not always truly have the intent of taking your assets, they may have the right to do so.

Credit Relief Tips - How Consumers Can Overcome Unsecured Debt

The credit relief tips provided by the numerous financial firms help you out to settle out the credit in a legalized way. This procedure will give you great help to overcome debt which have engraved your life in severe troubles.

What Specifically Does a Chapter 7 Bankruptcy Discharge Do?

A chapter 7 bankruptcy discharge releases you from personal liability for discharged debts and stops the creditors from contacting you or threatening you, or taking any action against you in an effort to collect those debts. The US bankruptcy court estimates that almost 99% of all chapter 7 bankrupt

Chapter 10 Bankrupt

What causes a person or individual to go bankrupt? There is one very possible reason that is usually the common explanation for bankruptcy: the person is unable to pay his debts. However, the very reason as to why he is unable to pay would be another story.

Why Do Consumers Get Into Debt?

Debt can lead to garnishment of wages, loan defaults, higher interest rates and poor credit scores. In general, debt is something you want to avoid, although certain types of debt are unavoidable. People fall into debt for myriad reasons, from job loss to overspending.

Chapter 13 Bankruptcy Conditions on Home Mortgages

One escape route in the foreclosure process is Chapter 13 bankruptcy. Many homeowners seek Chapter 13 bankruptcy because it allows them to keep their homes. However, the process is not cut and dry. Whether your bankruptcy can stop the foreclosure of your home depends on when you file and your financ

How to Be a Repossession Agent

Repossession agents work to recover personal property that its owners are no longer paying for. Most notably, repossession agents are known for taking back possession of cars when their owners fail to pay the monthly bill. Repo agents do not work for themselves, however. They must align with a state

The Best Ways to Consolidate Debt

Consolidating debt involves taking out one loan with the intent to pay off multiple debts. People consolidate debts for two distinct reasons: either to lower their monthly payment or to lower their long-term interest payments. When you consolidate to lower your payments, you usually end up paying ba

Chapter 13 Colorado Bankruptcy Law

A Colorado debtor contemplating bankruptcy should consider the advantages of filing for Chapter 13 bankruptcy. If a debtor's house is in danger of being foreclosed, the debtor can save his house from foreclosure. If the debtor's car could be repossessed at any moment, the debtor can save his car fro

Collateral & Debtor's Rights After a Judgment Against a Creditor

Creditors who violate the Fair Debt Collection Practices Act may be sued by the debtor in state or federal court. If the debtor wins a judgment against the creditor, the debtor's rights to seek collateral and enforce the judgment are governed by the state in which the creditor's business is register

Government Help for a Career in Teaching

The federal government's Department of Education provides approximately $100 billion dollars per year in student loans and grants to people pursuing a college education. If you plan to major in education, you may want to take advantage of the government's TEACH grant. Once you earn your teaching deg

Filing Bankruptcy When Your Homeowners Association is Suing For Unpaid Fees

If your HOA is trying to force a foreclosure on your condo or townhouse due to unpaid association fees, then it may be likely that they have a lien on the property. This may have been the result of some type of confession of judgment if you ever fell behind or due to the association suing you in civ

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Legal Procedures Regarding Bankruptcy California

Bankruptcy is the legal condition of a firm or an individual where the firm of the individual is incapable of paying the amount owed to creditors. Majorly, it is set off by the debtor.

Can Bankruptcy Ever Be Positive For You?

There is hardly a person who ever considers bankruptcy to be something positive in life. Have you ever considered the question whether bankruptcy can ever be something positive for you? Instead of asking others, you should ask the same question to yourself.