Should I File for Bankruptcy To Stop Credit Card Lawsuits
What can a debtor do in the event of a credit card company filing a lawsuit against them? Well, it would be in the best interest of the debtor to take immediate action and file for bankruptcy to stop that lawsuit. The reason is that if the credit card company succeeds in filing a lawsuit against them, the property of the debtor can be put on a lien, making it difficult for...
HOW TO PROTECT YOUR ASSETS DURING BANKRUPTCY: A LOOK AT US LEGAL SYSTEM
HOW TO PROTECT YOUR ASSETS DURING BANKRUPTCY: A LOOK AT US LEGAL SYSTEM
It is an obvious misconception that insolvency requires the loss of all of your assets. One can avail a wide range of exemptions for the protection of their property. When an asset is exempted, it shall be protected from being sold and no payment whatsoever is made to the creditors. The opportunity to...
Can You Stop Foreclosure by Filing for Bankruptcy?
Can You Stop Foreclosure by Filing for Bankruptcy?
You fear a foreclosure and wonder if there is anything in the world to stop it? Luckily, bankruptcy can stop a foreclosure on a home. That means when you initiate a bankruptcy case, all creditors are legally prevented from any collection activities against you. Sadly, there is a taboo associated with bankruptcy that...
When Should A Business Consider Bankruptcy?
Business bankruptcy is one option that has a stigma attached to it. But is it really the last option when your business is seriously faced with a financial crisis? Well, there is no longer the need to fear bankruptcy. In fact, a business in financial distress and debt can use bankruptcy to heave a sigh of relief from the stress buildup without shutting down the business. So...
Avoid Holiday Spending Mistakes
Most people set out to buy Christmas presents with the best intentions. It is very easy to get sucked in to overspending during the holidays. Many of the pitfalls in this area are completely avoidable if you arm yourself with the right information. It is essential to have a spending plan for this time of year. It is not too late to sit down and create a plan to make...
Thinking of Starting a Small Business? Consider These Things
According to the Census Bureau, almost 4.5 million new businesses were started in 2020. The internet has made starting a business easier than ever. Starting a business is something that should be very carefully considered before filing articles of incorporation. It can be a large undertaking and many first-time entrepreneurs are not adequately prepared for the task. Do...