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Can a Collection Agency Sue You For Debt?

Remember that time you went to the doctor, forgot to pay the bill, had the doctor’s office call you and then, a few months later some random debt collector calls you for repayment? A lot of times, these situations happen accidentally, and certain times we forget about the debt, and about repaying the debt all together. When the third party calls, we are reminded of the debt and then make an active decision on whether to pay the debt at that time, tell the collector to call back later for the payment, or to ignore the debt collector and see what happens when you opt not to pay your debt… Then, one day you find out you’re getting sued for debt.

The Cost of Filing for Bankruptcy in Florida

If your bills are piling high, to the point where making any kind of down or minimum payment seems like it’s going to be a struggle, bankruptcy might be your best option. It is important to know that filing for bankruptcy in Florida is going to cost you more than just about every other state, so there is really no cheap bankruptcy filing. While the filing costs are fixed by the state, the fees charged by attorneys typically runs between $999 and $1499, but can go as high as $5000. The range in price varies on specifics such as: 1. How the attorney bills for his or her time 2. whether you are filing for Chapter 7 bankruptcy filing, chapter 11 bankruptcy filing or Chapter 13, 3. How long the bankruptcy process takes, 4. Whether there are  any challenges being filed by trustees and/ or creditors, 5. Whether there are any related legal costs to your case, and 6. Whether there are any adversary proceeding attorney fees.

Getting a Credit Card After Bankruptcy

Let’s be honest: The first thing to know about getting a credit card with low interest and high limits credit card after filing for bankruptcy is that it will not be easy.  Credit cards for people with bankruptcies and credit cards that accept bankruptcies are not easy to come by with good terms after Chapter 7 or Chapter 13. However, there is no need to lose hope, there are a few options secured card options of post bankruptcy credit cards and ways to even get an unsecured credit card again.

Are You/ Is Your Business Eligible for Round 2 of PPP?

By now you’ve probably heard it all—you should apply for the Paycheck Protection Program (PPP), you’ll get it. You shouldn’t apply for PPP, you aren’t eligible. No harm in trying—apply for PPP and see what happens. Well, you have to pay to file your 2020 taxes prior to applying for round 2 of PPP, and most business owners do not want to spend the money to do so unless they are eligible to get some money. No one can do a quick summary of all of the PPP criteria, but here is our best attempt at summing it up for you.

How to Start a Business in One Day – Part Three

So far, you have an idea for a business, a name, a platform to sell or a way for customers to contact you and learn more about your business, and you have a basic way to stay organized using Excel or Google Sheets.  Now, it is time to get out there and either sell products or services to people that do not know you exist.

How to Start a Business in One Day – Part Two

In How to Start a Business in One Day – Part One, we covered ways to come up with a business idea and issues revolving around creating a business name.  Those parts, while difficult, are exciting and even fun, but there is a lot more to starting and operating a business in one day than, well, fun.

How to Start a Business in One Day – Part One

2020 forced millions of people to get creative when it comes to making money.  These people were furloughed or even lost their jobs and, for many, it was their only source of income.  Maybe you are still jobless and feeling desperate to figure out a way to make even a little money.  Well, it is possible for you to start your own business in as little as a day.  You have to be willing to try things you have never done before.  People that start businesses are problem solvers and constantly try new things.  So, if you want to start a business quickly, here is how to do it.

Left with a Mountain of Christmas Debt?

According to Inestopedia.com, individuals spent an average of $998 on Christmas related items.  The vast majority of that spending is expected to have been done with credit cards.  Using credit cards during the holidays isn’t necessarily a bad thing, but you have to keep close tabs on the debt.  There are several ways to start tackling the mountain of Christmas credit card debt you and your family may be staring up at.

Thinking of Filing for Bankruptcy After Piling Up Christmas Debt?

Most people do not amass debt with the intention of never paying it off.  In general, people are forced to file for bankruptcy because of changing circumstances outside of their control.  However, when some people are already considering bankruptcy, they entertain the idea of racking up debt and getting it discharged through bankruptcy.  If that was your plan, think again!

Modern bankruptcy law and debt restructuring for companies

Modern-day bankruptcy and restructuring laws for companies are a lot different than earlier before. The essential task of bankruptcy lawyers today is to avoid bankruptcy. This is where business debt restructuring comes into place. Debt restructuring is a way to sort out a company’s payments in such a way wherein debts can be eliminated without causing any harm to either of the parties. This is why debtors often settle for a number of measures instead of choosing to pursue their debts entirely.