Can I File For Chapter 7 Bankruptcy Or Chapter 13 Bankruptcy

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Many people struggle with the decision to file bankruptcy. Usually this is because they have misconceptions about bankruptcy in general. Basically, bankruptcy is a legal way to level the playing field between an individual debtor and creditors. It is a legal proceeding that provides the debtor with a fresh start. The two types of bankruptcy […]


Small Business Tax Deduction Write Off Bad Debts

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Practically every small business has receivables that it cannot obtain from clients. If your small business doesn’t have any such receivables, consider yourself lucky. For those small businesses that suffer from uncollected receivables, solace can be taken from the fact you can claim a tax deduction. Bad Debt Tax Deduction A small business can write-off […]


Write Off Bad Business Debts On Your Taxes

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Practically every small business has receivables that it cannot obtain from clients. If your small business doesn’t have any such receivables, consider yourself lucky. For those small businesses that suffer from uncollected receivables, solace can be taken from the fact you can claim a tax deduction. Bad Debt Tax Deduction A small business can write-off […]


Bankruptcy Information Some Basics

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Finding yourself in a difficult financial situation can be scary. Facing the possibility of dealing with bankruptcy can be even scarier, especially since most individuals or businesses don’t spend time making themselves aware of the legalities that go along with the process. Since many debtors are ashamed of the situation, they often fear asking too […]


When To Use A Collection Agency

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What is a collection Agency? A collection agency is a specialized organization that acts on behalf of a creditor to collect overdue amounts. A collection agency usually does not take ownership of the debt but just acts on behalf of its clients to organize the collection activity. It does not guarantee the collection. Why do […]


Debt Management Gives The Comfort Of A Debt Free Life

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Everyone borrows money from the financial market at one or the other time to meet some urgent needs. But, at that time we don’t realise that taking various debts from different lenders may become a burden one day. If you too are facing the same circumstances then debt management can prove to be the best […]


To Consolidate Debts Or Not

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Admittedly, among debt programs, debt consolidation has the most differing reputation. On the one side, it is the best debt management program. But still, there are some that advise to steer clear of consolidating debts as it would only lead to worse debt problems. Despite the many debates, the question remains if it can really […]


Loans For Bad Debtors Discarding Debt Disorganization To Recover Financial Growth

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Debt disorganization can often lead you to challenges like being permanently tagged as bad debtor. Your personal economy has many repercussions of such a scenario, especially when you are trying to get through the market of debt. Loans for bad debtors are ideally premeditated to open gates for those looking for debt. Who is a […]


What Is Debtor Education

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A debtor education course by an approved provider should include information on developing a budget, managing money, using credit wisely, and other resources. Like pre-filing counseling, debtor education may be provided in person, on the phone, or online. The debtor education session might last longer than the pre-filing counseling – about two hours – and […]


Connecticut Bankruptcy Law Exemptions That Help Protect Creditors

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There are certain exemptions related to the Connecticut bankruptcy law that helps protect creditors when a debtor files bankruptcy in Connecticut. One also has the choice in Connecticut to avail of federal exemption statutes instead of the Connecticut exemptions, and it is also possible to use federal supplemental exemptions in conjunction with the Connecticut exemptions. […]


New Bankruptcy Law Makes It More Difficult To Go Bankrupt

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Disclaimer: The following article meant for reference only, and is not intended to be legal advice. Be sure to consult a lawyer for a full explanation. The Bankruptcy Abuse Prevention and Consumer Protection Act was became effective on October 17, 2005 (except for a few provisions). This amendment to the Bankruptcy Code is a major […]


Debt Consolidation A Wolf In Sheep S Clothing

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Consumer debt has reached record highs in the United States over the past generation. While previous generations valued savings, the United States has become a consumer society valuing instant gratification over sound financial planning. If it sounds as if I am speaking from experience, I am. One consequence of this phenomenon is that debt consolidation […]


Types Of Debtor Bankruptcy

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Bankruptcy is defined as legal situation in which a debtor cannot fulfill their monetary obligations. Debtor bankruptcy is when the person who owes the money files for it. There are six types of debtor bankruptcy, but the two most common are Chapter 7 and Chapter 13. Chapter 11 bankruptcy is for businesses Chapter 7 is […]


Individual Voluntary Arrangement A Bankruptcy Alternative

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Many factors could have caused a person to be overwhelmed by huge debts, debts that accumulated and became impossibly hard to pay with the current income. This hopeless financial situation could lead people to take bankruptcy as an option. Bankruptcy is one of the solutions a financially distressed individual would contemplate to take. When financial […]


Helpful Information On Mortgages

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The first thing you’ll want to do before you start looking at the various mortgages and mortgage lenders available is understand what a mortgage is, how the process works and who takes part. Mortgages are simply methods of using your personal property or real estate to secure your payment of a debt. The term mortgage […]


Bankruptcy Alternatives

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Bankruptcy is an option an individual in dire financial difficulty would be forced to take. This is considered as the last debt management tool or resort a debtor could ever take because of the stigma that comes with its implementation. Being published in the London Gazette, made available on line and registered, bankruptcy orders have […]