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Bankruptcy : Business & Finance
Bank Workout - What Does It Mean for an SBA Loan?
You've been late on your small business loan a few months now when the phone call comes.You initially think it's just your loan office calling once again to try to squeeze some blood from the stone.
Bankruptcy - Conversion From Chapter 7 to Chapter 13
A debtor in Maryland has the right to convert from chapter 7 to chapter 13 at any time during the case as long as the debtor is eligible for relief under chapter 13 and the ...
The California Law Requirements for a Chapter 7
Getting into debt is relatively easy. Getting out can be a much bigger challenge. In some cases, filing bankruptcy may be your only option for cleaning up your financial mess. Residents of California may seek consumer bankruptcy protection by filing for Chapter 7 or Chapter 13. Before you file, it's
Should I Claim Business Bankruptcy?
Bankruptcy May Be the Only Way OutIf your business simply has more debt than it can handle, the only option available to you may be to declare bankruptcy. In Chapter 7 bankruptcy, the business will close down and its assets will be liquidated to pay creditors. According to the U.S....
Scottish Trust Deeds To Change
The Scottish Government has announced plans to revise the way that statutory debt solutions operate in the future. A Bankruptcy Bill is expected to result in changes to the way that a Scottish trust deed, sequestration or debt arrangement scheme will work. The announcement follows a controversial co
How to File Bankruptcy on a Car Loan That My Ex-Husband Signed For
When you contemplate debt relief action under the federal bankruptcy code as an individual, you must first decide whether you should file under Chapter 7, liquidation bankruptcy, or Chapter 13, individual debt adjustment bankruptcy. In specific circumstances, you may file under Chapter 11 or Chapter
Understanding Your Insurance Policies Can Help You Avoid Bankruptcy
Financial misfortune can happen to even the savviest of money managers. When an unexpected event occurs, people often find that their medical or property insurance covers a significantly smaller portion of total costs than expected. Those facing bankruptcy because of "life happening to them&quo
Credit Card Debt Bankruptcy - Prevent Bankruptcy With Debt Settlement
Credit cards have gained utmost significance with the globalization of the world economy. The plastic card now serves almost all the purposes. But they have their disadvantages as well.
How to Reduce Garnishment Payments
Getting your paycheck and noticing a reduction in pay can spark panic. Less pay might result from a wage garnishment order sent to your employer. Creditors can request a garnishment from the court system if you refuse to pay a judgment. With garnishments, employers must withhold up to 25 percent of
Failing in Chapter 13
When the federal government passed the Bankruptcy Abuse Prevention and Consumer Protection Act in 2005, many people who wanted to file a Chapter 7 plan had to file a Chapter 13 plan instead. A Chapter 7 plan erases all debt, but the act limits this option to those who earn less than their state's me
Child Support Garnishment Rules
When you are behind in your court-ordered support payments such as child support, the garnishment rules are different from those of private creditors. Federal laws allow the state agency that services child support payments to take a larger percentage of your disposable income to go toward paying of
Common Bankruptcy Mistakes
Bankruptcy could work to your benefit, if you're kept informed in relation to all the available alternatives and avoid common misunderstandings. Take notice while filing, there is certainly generally an advantageous and disadvantageous time frame, and so rushing to file can occasionally be a mi
Hardship & Debt Reduction
Debt can be reduced at the debt collector’s discretion. This is usually done if the person owing the debt is experiencing some sort of financial hardship. These arrangements aren’t mandatory, but when they occur, debt reductions due to financial hardship require verification and are acco
Chapter 7 Bankruptcy: What A Trustee Does
In Chapter 7 bankruptcy filings, a trustee oversees the process of selling an individual's non-exempt assets and distributing them to creditors. The trustee can also put a halt to the proceedings if he or she finds evidence of fraud or perjury in the bankruptcy filings. A meeting with creditors
Personal Bankruptcy Laws in Virginia
courthouse image by Michael Shake from Fotolia.comFiling for bankruptcy is often the only option available to those who find themselves struggling with a substantial amount of debt. If you are filing for bankruptcy in the Commonwealth of Virginia being aware of the Virginia bankruptcy...
Bankruptcy Filing Process - Is Filing For Bankruptcy Expensive?
Before filing for a bankruptcy it is important that you know what is involved. You need to understand what the impact will be on your family and your credit history once you decide to file for bankruptcy. The actual filing fees are not very expensive but you need to find a lawyer that has experience
How to Withdraw From Profit Sharing
Profit-sharing plans are retirement plans built around giving employees a percentage of the year's profits; as of 2010, the maximum annual contribution is 25 percent of an employee's salary or $49,000, whichever is less. Like most retirement plans, the money placed in a profit-sharing plan is tax fr
Tax Elimination Through Filing Bankruptcy Under Different Chapters
Filing for Chapter 7 or a Chapter 13 and getting approved may discharge you from some kinds of personal income tax liabilities. However, if you meet certain requirements, you may even get discharged from all sorts of tax liabilities through filing bankruptcy.
The Average Salaries for Nurses in North Carolina
As with all states, North Carolina requires practical nurses and registered nurses to be licensed. This involves completing a certain level of formal education and passing a national examination. While LPNs generally complete training lasting one year or less, RNs must have an associate's or bachelo
Involuntary Bankruptcy - Dealing With the Effects of a Suit
There are mainly two reasons why people opt to go to court to file a financial bankruptcy petition. Some find themselves doing this out of the poor spending habits that they have been developed over the years. While for others, bad luck just catches up with them.