Chapter 13, entitled Adjustment of Debts of an Individual With Regular Income, is designed for an individual debtor who has a regular source of income. Chapter 13 is often preferable to chapter 7 because it enables the debtor to keep a valuable asset, such as a house, and because it allows...
Having debt is a burden, how much more trying to pay for it when you do not have the means. It will eventually become too much and too heavy to handle. However, despite the worsening state of your financial status due to debts from left to right, never ever declare a state of bankru...
This plan allows Federal agencies to make payments to the loan holder of up to a maximum of $10,000 for an employee in a calendar year and a total of not more than $60,000 for any one employee. It's important to note that an employee receiving this benefit must sign a service agree...
These negative accounts stay on your credit report for seven years, except for Chapter 7 bankruptcy which is reported for 10 years. If you spot an account that shouldn't be included in these sections, contact your creditor and the credit bureaus immediately, as these significantly lower your cr...
You originally launched your bankruptcy — whether it's Chapter 7 or Chapter 13 — by filing abankruptcy petition. The petition included a list of all your debts. If you're the target of a debt scavengers, the Consumer Finance Protection Bureau recommends youreview your copy of the petitiont...
Before there was Walmart—four years before, to be exact—there was Ames. The discount retailer used to sell a massive range of merchandise, including apparel, electronics, housewares, patio furniture, jewelry, and beyond. After 44 years of business, the corporation filed for bankruptcy, closing...
you don’t keep your personal and business finances separate, a court could find that your business is not actually separate from you, the owner. In the event of a lawsuit or bankruptcy, your personal assets (house, car, savings, 401k, etc…) could be used to satisfy any debts you owe...
the corporate or the person can resolve to go bankrupt. Bankruptcy permits the insolvent company to clear off money owed by liquidating its belongings. Although chapter helps the company take care of a monetary crisis, it definitely impacts the credibility of that specific firm or particular person...
prefer to have a financial expert assist you in managing your debt, you can meet with a credit counselor. These typically work on a nonprofit basis to assist people with low income or poor credit scores. They can often provide guidance regarding debt consolidation, refinancing, bankruptcy and ...
The Credit Solution Program is a one-of-a-kind course to assist you in raising your credit score, getting out of debt, and living in good financial health.