Category : Bankruptcy : Business & Finance

Insolvency and Bankruptcy

Bankruptcy
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Many people do not understand that insolvency is different from bankruptcy. Insolvency means that a person or business is no longer able to pay their bills--it does not imply that legal actions are taking place to relieve existing debts. However, insolvency is often cited as the main reasons that bu

Creditor Garnishment

Bankruptcy
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When a debt goes delinquent, the creditor has a number of options for how to collect on the debt. These methods can range from simply calling the debtor and requesting payment to attempting to seize the money through force. Among the most serious methods is to seek the garnishment of the debtor's wa

Some Common Bankruptcy Questions

Bankruptcy
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Bankruptcy is a financial state that creates a lot of fear in many people. Being in a position where you are unable to pay your creditors is quite frustrating especially when one is sued or is forced to file an insolvency case. So many questions run through the mind and it is therefore advisable to

Credit Card Debt Bankruptcy

Bankruptcy
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All of this started when you could not control your spending. Several months ago, you were in the mall almost everyday, buying yourself a new pair of sneakers, a brand new appliance or a cute pair of pants. You were always online, looking out for the greatest deal you could get from your favorite on

Bankruptcy Counseling Sessions

Bankruptcy
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Bankruptcy is a financially difficult state in ones life. This is especially true if it has never occurred to you that it could actually happen. It becomes worse if you have nobody to advise you on the way forward. This is the reason why it is highly advisable to go for counseling sessions before fi