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Bankruptcy : Business & Finance
Can a Bill Collector Collect a Debt If It Is 20 Years Old?
An unpaid debt that is 20 years old is still a valid issue between the bill collector and the consumer. State statutes allow specific time frames for debts to be legally collectible in court. If state time frames regarding the collection of a debt are past, the bill collector cannot pursue the matte
Should I Declare Bankruptcy?
Bankruptcy is often thought of as something to be avoided at all costs. However, if you have unsecured personal debts which you cannot repay, it could the best way to solve your financial difficulties. According ...
How Does a Collections Agency Find out if You Have an Estate When You Die?
When you die leaving behind debts that are not secured by collateral, such as collection debts, your creditors have the right to file a claim against your estate with the probate court handling your affairs. The probate court pays off your unsecured creditors and then distributes the remaining inher
Keep Those Unpaid Hospital Bills From Piling Up
There are a lot of unexpected financial typhoons which may hit us at different time in our lives. One of the worst that can be filed under this category is unpaid hospital bills. If you or one of your family members get admitted in the hospital and your income cannot suffice, it's best to take
Starting Fresh with Bankruptcy
No matter what got you there, if you're in a financial mess it's probably best that you do something about it. When debt collectors are ringing our phones off the hook and we just don't ...
How to Avoid a Wage Garnishment in Georgia
If a money judgment is entered against you in a Georgia court, the winner -- the judgment creditor -- has a legal right to collect on the judgment out of your personal property. This right includes the ability to garnish a portion of your wages each pay period until either the debt is satisfied or 1
Can My Spouse Keep Her Car Through a Bankruptcy?
Most states allow petitioners who are filing bankruptcy to exempt a certain value or amount or specific items from liquidation. Among these items are automobiles, as long as the value meets the state's guidelines or limitations. These rules vary depending on the state, debt owed, ownership and valu
What Are The Different Types Of Bankruptcy?
This article lists the types of bankruptcies for an individual and corporation. It gives details on how each type of bankruptcy works and why you would go for one over the other.
How to Negotiate a Discount on a Debt
There are many reasons why you might find yourself in debt. You might have unpaid medical bills, student loans, credit card debt, or maybe you haven't been able to work because of an illness or injury. If you're buried in debt, you may think your only option is to file for bankruptcy. But you always
How to Turn a Debt Snowball into a Debt Avalanche
The debt snowball has been popularized by financial guru Dave Ramsey as a debt reduction strategy for people with multiple sources of debt. The debt snowball is a fine strategy for those who need the incentive of eliminating the number of debt sources, but it is not the most effective way to manage
Declaring Yourself Bankrupt
Should you declare bankruptcy? A bankruptcy filing is the only legal way to get rid of your financial setbacks. However, the process of filing for bankruptcy is easier said than done.
South Dakota's Bankruptcy Laws
Filing for bankrupty is often a last resort for debtors who are unable to gain control of their finances. The U.S. Bankruptcy Code outlines the process by which bankruptcy cases are filed and completed. In addition to federal guidelines, every state also enforces local rules and laws...
Manual Trading of Forex Can Be a Good Addition in Portfolio
Sarah and her family have been struggling for several years now; as her father died when she was barely fourteen years old. They are a family of four, three sisters and their mother. Her mother ...
The Truth about Bankruptcy, 3 Common Myths
First, is it true that bankruptcy is dishonest? Absolutely not. People are just wracked with guilt that they're going to do something that goes against their nature, that it's dishonest. But for people who are ...
Can I Use a Student Loan to Pay My Mortgage?
In some cases you may be able to use your student loans to make your mortgage payments. This is most likely to be the case if you are a graduate student going back to school and already own your home. This is because, while your mortgage is always a living expense you are allowed to use your loans t
How to Negotiate an IRS Debt
Finding yourself in debt to the IRS can make you feel helpless. After all, the Internal Revenue Service is one of the largest and most powerful government agencies. Not many people feel comfortable taking on a branch of the Department of the Treasury. Fortunately, the IRS is often willing to negotia
Declaring Bankruptcy in Australia Should Be Your Last Option
The stigma over declaring bankruptcy in Australia is not as bad compared to the days of your ancestors. This is why more and more Australians are going through bankruptcy now more than ever. One of ...
What Are the Ramifications of Foreclosure?
When your house is taken away through foreclosure, it can be a painful experience which can lead to further financial problems in the future. You not only lose your house, but you can also hurt your chances of getting financing in the future because your credit score is lowered and lenders can see t
Information on RRSP and Bankruptcy
Registered Retirement Savings Plans (RRSPs) are one of Canada's most popular ways to save for retirement, because of the tax advantages the plan provides. For many older savers, the money they have in their RRSP is a significant part of their assets. This makes it of particular concern if the saver