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Understanding Business Insolvency

If a business is trading insolvent then the directors have a legal responsibility to address the situation immediately. Business insolvency practitioners can help resolve disputes with creditors before the situation gets to the stage of compulsory liquidation, or put a business rescue or restructuring plan in place to prevent any further action being taken and…

An Insight To Protected Trust Deeds

The internet has lots of information on trust deeds and varying thoughts on the amount you have to owe. Some say £5000 or more, some £5,000. Most terms have the same thing in common: you must owe at least 2 lenders to be accepted. Which financial debts may be included? Unsecured personal debts like credit…

Is the Entitlement Generation Heading for Bankruptcy?

Ever since the end of the baby boomer, society has developed a new group of young adults called the entitlement generation. Although this is not technically the name these people are known by generation X., Z. and Y. but the common link between them has one shared trait and that is they feel that they…

Top 5 Benefits of Bankruptcy

Filing for bankruptcy is never an easy decision. However, more often people that file for bankruptcy always wish they had considered it sooner. The reasons are listed here in the top five benefits to filing bankruptcy. 1. The weight of the world is lifted off your shoulders. Let’s face it, being in debt is stressful. Stress impacts…

Easter Is the Season for Forgiveness and This Includes Bankruptcy

The Easter season is a wonderful time where our families get together and put the past behind us, while looking to what the future has in store. Nothing is more intimate than sitting down and breaking bread with friends and family while having good conversation. This is the time that we should forgive others just…

Emergency Chapter 7 Bankruptcy Case

You can file a skeletal or emergency Chapter 7 bankruptcy case to stop that foreclosure sale. The steps are not complicated and ordinarily quick if filed through a qualified attorney. The immediate benefit of filing an emergency bankruptcy is that the bankruptcy code and law provide an automatic stay of all legal proceedings, including foreclosure sales. This…

The World Is on the Verge of Bankruptcy As the Elite Seize Accounts

Many Americans are beginning to wake up to the truth that the economy is not recovering like the media is portraying. At the beginning of March 2013, the media beat the drum of a full economic recovery as the stock market soared to an all-time record high. When the unemployment numbers were released, it miraculously…

Bankruptcy Chapter 7: An Overview

Many people think filing for bankruptcy will ignite feelings such as shame, disgrace or dishonor. Positive and realistic thinking says it is not. Nowadays, in United States, Chapter 7 is the most popular option to file bankruptcy by the individuals. It is known as liquidation bankruptcy. The main aim is to make people free from…

The Attack Of The Zombie Debt After Filing Bankruptcy

Lately, there’s been a lot of talk about the zombie apocalypse and how we should combat it. The term zombie has been thrown around loosely and now has even found its way into the financial system. Over the last few years, doomsday preppers have been preparing for the zombie apocalypse when it comes. What does…

Is Reaffirming the Debt the Right Choice for You?

During the Chapter 7 bankruptcy process one of the most important decisions a person can make will happen within 30 days of the filing. Generally, the filer will have 30 days to decide whether or not they plan on reaffirming the debt. A reaffirmation is when a person who filed a Chapter 7 bankruptcy takes…

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