How to avoid bankruptcy For individuals who can’t pay their debts, there are alternatives besides bankruptcy. If you get ahead of the situation in enough time, you can start by aggressively cutting your spendin
The judge added that the petition was a ploy to avoid paying the debt. The man was later arrested and sent to civil jail. In the ruling, Justice Makau said the bankruptcy process is meant to protect genuine people who have unfortunately found themselves in debt, “bu...
This form of bankruptcy allows individuals with regular earned income to develop a plan to repay their debts - often referred to as the wage earner program. This can allow individuals to rebuild their finances instead of starting over and helps them avoid foreclosure on their home or other prope...
Bankruptcy can help individuals and businesses get major debt relief, but there are alternatives to consider.Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their...
Also, try to avoid pain if you can. Avoid inflicting pain upon yourself really. Next time the stock market inevitably takes a nosedive, just do yourself a favor and do not log into your retirement account. Sara Rathner: Yeah, putting your head...
Starting a business is a pursuit that appeals to many, but not everyone knows where to start. This guide will walk you through the elements of starting a business and explain what you can expect as you embark on the journey.
manage, bankruptcy is an option to have a judge and court trustee evaluate their assets and liabilities. The court must discharge the obligation to pay. A discharge releases debtors from their obligation to repay their debts. The court may toss the case if the defendant can afford the legal ...
Bankruptcy is a way to get a fresh financial start (as an individual or business) if you can’t repay your debts. Typically, this requires filing a petition with a bankruptcy court. From there, a judge decides whether you must liquidate any of your assets or if the debt can be restructu...
an emergency bankruptcy lawyer will calm you and assure you that you’re not a bad person just because you must file for bankruptcy. Filing for bankruptcy isn’t the simple solution to a financial issue, but it can be beneficial if you know what you're doing. Given the foregoing, it's...
making the pledge to deal with it aggressively does work and can be the fastest way out of your financial situation. Some days ago, we published the story of how another individual was able toavoid bankruptcy; the cornerstone for this success is determination and commitment, in my opinion. He...