Some things are out of our control. When you wake up and get out of bed, you do not plan to experience a personal injury; it just happens. When it does happen, will you know what to do? Chances are, the answer to that question is “no”. Afterall, most of us are not legal professionals. So, what DO you do in the event of a personal injury?
When we think of bankruptcy, we often have in mind a person that cannot make ends meet, but there are many kinds. Companies have to make ends meet too and when they cannot, people get laid off, assets get liquidated, and people end up in court. Corporations are not immune to financial stress. Here are some recent large-scale bankruptcies you may have heard about in the news.
January is the dawn of a new year. Hopes are high. Unfortunately, so is the tension amongst couples. Historically, the month of January demonstrates a spike in the rate of divorce filings. There is plenty of conjecture surrounding this unpleasant statistic, but what are the real reasons behind why people decided enough is enough in January?
Debt collectors have the right to try to collect a debt from you, but there are rules that these collectors must follow. However, many times, these collectors break the rules because consumers are not aware of the laws that protect them from predatory debt collection practices. If you are being harassed by debt collectors, you may be able to get protection.
For many, student loans are the norm while going to college. Created to help students settle the cost of educational fees for post-secondary education, it takes away the burden of paying all your debts at a go. Applying for a student loan usually entails having the following requirements;
Bankruptcy is easily one of the worst fears anyone has to deal with. Even worse, being bankrupt and old without anyone to cater for you is dreadful. This is, unfortunately, the case for many Americans. According to research, the rate of older adults (above 55 years) who have become bankrupt has skyrocketed up to 66% since 1991. Basically, older adults of above 65 years make a total of 12% of bankruptcy filers. Also, what’s astonishing is that older adults within this age group, spend most of their income offsetting accumulated debts.
With the tax rates, pensions and income decreasing, and medical costs rising, it has become increasingly hard for senior citizens. Your income becomes off-balance compared to debt which is why filing for bankruptcy might seem like the next best step. With Chapter 7 and Chapter 13 bankruptcy, seniors get a way to deal with their debt trouble.
Did you know that it can cost a lot of money to file for bankruptcy? If you didn’t, don’t fret as not many people are prepared for this financial burden. These costs might be hard especially for low-income families. However, there are different bankruptcy assistance options available to help these low-income families pay for a bankruptcy lawyer. In this article, we will discuss the different bankruptcy aids available for those who cannot pay for a bankruptcy lawyer.
Even with numerous debts, retirees can now depend on their retirement accounts to fund their lifestyles as a result of the law passed by the United States Congress a few years ago. Also, a significant amount of retirement accounts are excused from bankruptcies – with each state having its exemption sets. However, several limitations exist.
A lot of people have student loans, but you must understand the difference between private and federal student loans as it could help save you money. Currently, there are over 40 million student loan borrowers who owe over $1.5 trillion in the United States. Approximately $1.4 trillion of these loans is in the form of Federal student loans and the remaining is in the form of private student loans. What exactly is the difference between these loans? Here, we will discuss the pros and cons of these different student loans.