Category : Bankruptcy : Business & Finance

What Is Surgical Bankruptcy?

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Surgical bankruptcy is also known as prepackaged bankruptcy. This type of bankruptcy is typically reserved for companies. The idea is basically to shorten the typical bankruptcy period, and save the company money in legal fees. The hope is that the sooner the company can recover from bankruptcy, the

How Bankruptcy Stops Foreclosure

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Lenders that offer mortgages use foreclosures to seize property when necessary. Homebuyers use the property they buy as collateral for the home loan, which allows the mortgage lender to begin the foreclosure process if the homeowner begins missing payments, creating a default on the loan. A debtor f

Debt Repayment Laws

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Credit cards are a major source of personal debt.three credit cards image by Aleksandr Ugorenkov from Fotolia.comHigh amounts of debt are an issue for many people, whether caused by medical bills, student loans, loss of income or overuse of credit cards. However, to protect consumers who...

Tips to Help Relieve Debt

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When you are looking for debt relief, knowing you available options may save you time and money. Programs such as credit counseling and debt management plans help with negotiating a resolution. Budgeting is an important part of debt relief. According to the Federal Trade Commission, the first step i

Collection Agency Strategies

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Collection agencies often call to get their moneybusinesswoman talking on phone image by patrimonio designs from Fotolia.comCreditors that are unsuccessful in getting debtors to pay their bills often resort to hiring third-party collection agencies to continue collection efforts. Bill...