bankruptcy

Are Debt Collectors Allowed to Call? Here's how to stop them...

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. 

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.

Those looking to stabilize their business finances must learn to pay down their business debt effectively. This article will look at strategies you can employ to get out from under your debt and have more money freed up for other business needs. 

When people find themselves in financial trouble, they spend months contemplating their options. Bankruptcy is often thought of as a last resort and is put off until the very last minute. However, while someone is busy weighing their options, their creditor often moves against them. This legal action can result in a judgment and garnishment of wages. If this occurs, what recourse does an individual have? The answer may be an emergency bankruptcy filing. 

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.

Not all debt is created equal, and not all debt is bad. But since debt is also the primary reason individuals find themselves in financial distress, it is essential to understand the differences and nuances involved with different types of debt.

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.

Due to high-interest rates, many consumers rapidly - and sometimes quite unexpectedly - find themselves in debt they cannot handle. 

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.