Excerpts
Business Bankruptcy: Frequently Asked Questions
What is the difference between a Chapter 7 and Chapter 11 bankruptcy?
Businesses usually have a couple of choices when filing bankruptcy. Chapter 7 bankruptcy is reserved for those companies that are struggling so badly that they cannot remain in business. The business is usually liquidated, then all assets left over are distributed between shareholders and [...]
Why is Estate Planning Important?
Estate planning involves planning for your death, as well as your life upon mental incapacity. Despite its importance, estate planning is often overlooked.
Many people work hard throughout their lives to provide for their families and build their estates, only to have the very things they’ve worked for and people to protect in disarray because they [...]
Are you on the Verge of Bankruptcy? 5 Warning Signs
Many people that consider filing bankruptcy make the mistake of waiting too long before seeking legal advice from a bankruptcy attorney. There are simple warning signs you can look out for.
If you are experiencing more than one of these warning signs and have accumulated debt you cannot afford to repay, you may be on the [...]
The Advantages and Disadvantages of a Short Sale
Living in a recession is difficult for most people, especially US homeowners that are living from one paycheck to the next. They often wonder how they will keep their mortgage payments current and prevent foreclosure of their property.
Oftentimes, misinformed homeowners are led to believe that entering into a short sale agreement with regard to their [...]
Five Factors that Determine your Credit Score
You’re often reminded of how extremely important your credit (aka FICO) score is. Nowadays, your credit score can determine whether or not you purchase a home for your family, insure your vehicle or take a new job. Yes! That’s correct. Employers are checking the credit scores of potential employees as part of the hiring process. [...]
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