Archive for September, 2007

Effects of Bankruptcy

Once you have been declared bankrupt, under the bankruptcy law all assets that belonged to you, including your home come under the control of a Trustee. The first things to ensure is that you have a good bankruptcy lawyer. If you have dependants, a respite of twelve months is given to find alternative living arrangements. However, at the end of that period, the property will be put up for sale. A court order may come into place if this is not adhered to. If the property is in joint-ownership, the other party may be allowed to make an offer to buy out your interest.

Comments

Which Type Of Personal Bankruptcy Is The Best For You

If you have caught yourself in the nasty trap of debts and your financial situation is not strong enough to pay off all these debts, you must be into a dilemma of, what to do or what not to do. May be, you are planning to file for personal bankruptcy. However, do you know that there are two types of personal bankruptcy and you can choose only one? The bankruptcy laws have provided two options for the people, willing to file for personal bankruptcy. The first option is to choose to go for the straight bankruptcy, i.e. chapter 7 bankruptcy and the second option is to choose the Wage earner plan i.e. chapter 13 bankruptcy. This article intends to explain these two options for you and the circumstances in which you can use them. Let us go exploring.

Comments

Filing Bankruptcy Procedure - A Quick Overview

Bankruptcy is a legal step that people take when they are deep in debts and their current sources of income are too less to pay off the debts. However, as there are many complexities involved in bankruptcy laws, you need to know many things before filing bankruptcy. To start with, you must be aware of the various steps involved in filing court petition for bankruptcy.

Comments

Removing a Bankruptcy from Your Credit Report

A bankruptcy can have a devastating effect on your credit score. A bankruptcy listing on your credit reports to many lenders is the only thing they need to see to determine you are completely unworthy of credit.

Comments

Debt Consolidation Advice Suffices to Make You Financial Wise

Today, millions of people across the country are facing serious debt problems. If you are one of the many thousands facing real problems in meeting your due repayments, you have probably been looking for ways to improve your grave situation, and there would be no doubt you have debt consolidation advice as possible solutions. Under the debt- out provision, a lender unites entire of your debts into a single debt entity. And, the lender, after consulting your different lenders, makes a single monthly repayment scheme considerably.

Comments

California Debt Consolidation - For Your Stress Free Life

What is a debt consolidation loan?

A Debt consolidation loan is defined as a fresh loan taken to repay the existing consolidated debt. This collated debt may include multiple debts like health bills, vehicle loans, credit card bills or even education bills. The new loan can be availed of from a debt consolidation agency, financial institutions, private investors or individual lenders against a security like real estate, bonds or debentures but at low rates of interest and flexible repayment terms all of which enable single monthly outflows and generation of savings.

Comments

New Tax Law Benefits For Car Donation Tax Deduction

The IRS has taken steps to take the guesswork and confusion associated with car donation tax deduction with a new law. When January 1, 2005 rolled around, you were able to deduct the full price that the charity of your choice receives for the sale of your car.

Comments

Currency Trading - How to Read Currency-Pair Quotes

One of the most difficult things for newcomers to the forex to wrap their heads around is how to read currency-pair quotes. After all, most of us are used to seeing one price for items-a loaf of bread costs $1.89; a stock sells for $39.50 per share, etc. But in these cases, we are exchanging one currency-U.S. dollars-for physical goods. Buying one currency with another one can be a real headscratcher, but this article will hopefully allay some of your confusion.

Comments

How to Read a Forex Chart

If you have never read a Forex chart before, it may seem a little intimidating at first. But be assured that it is not difficult to learn how to read one. This is especially true if you start with a very basic chart, and do not load it up with a large number of indicators.

Comments

· Next entries »