There are many misconceptions about the bankruptcy process, causing some people to avoid it at all costs. However, the truth about bankruptcy is that it can be a powerful way for people to get their life back on track.
Suppose you are an entrepreneur or small business owner taking this opportunity to open a new venture after bankruptcy. In that case, you may wonder if you can still qualify for a small business loan from the SBA.
Co-signing a loan is not risk-free. If the borrower does not repay the loan as agreed, the cosigner will be legally liable - even if the cosigner never drove the vehicle or lived in the home. It should also be noted that if the borrower is delinquent on payments or defaults on the loan entirely. In addition, if the borrower pays late or defaults on the loan, the cosigner's credit is likely to be negatively affected.
When you are facing financial difficulty, bankruptcy is an option. Many people feel it is necessary to try everything else before taking that step - including working with creditors to settle your debts. Before attempting to work with creditors without professional assistance, knowing what to say is essential. Your creditors are well-versed in all things financial, but you may not be - so here are a few tips to help you achieve a settlement offer that works for you.
At a time of life when security is important, the prospect of bankruptcy may be disconcerting. Is filing for bankruptcy the right move for senior citizens? It depends on their financial circumstances.
While bankruptcy has lost much of the stigma it used to hold, it is vital to understand the legal implications of any discrimination you may face after discharge.
One of the more confusing aspects of a personal tax return is determining what can be written off. Today, we'll examine the definition of a write-off and explore which expenses are legitimate and which are not.
One of the most distressing aspects of being in financial difficulty is having to endure harassing calls from creditors and collection agencies. On November 30, 2021, that harassment may have been increased, thanks to new legislation.
Getting into financial distress doesn't happen overnight. A series of smaller events add up to the need to file for bankruptcy, so understanding your day-to-day expenditures is vital in staying on a safe financial path.
The CAA was enacted in 2021 in response to the ongoing COVID-19 crisis. Among its many provisions, it addressed the needs of corporate tenants and landlords due to financial hardship related to the pandemic.