Category : Bankruptcy : Business & Finance

Chapter 13 Definition

Bankruptcy
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When your debts become unmanageable and you are unable to make payments, bankruptcy may be a good option to regain control of your finances. Chapter 7 and Chapter 13 bankruptcies are common forms of bankruptcy for individuals. Chapter 13 bankruptcy allows the debtor to keep his property and restruct

Creditors & Wage Garnishment

Bankruptcy
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When a person falls behind on debts or payments, it is often in his best interest to attempt negotiations with creditors. If this is not possible or not attempted, creditors will view the delinquent balance as a voluntary act to avoid repayment. Creditors will then attempt to use various methods to

What Is a Debt Buyer?

Bankruptcy
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If you stop making punctual payments to a creditor, your account is no longer a profitable asset to the company. Unless you make payment arrangements with your creditor, the company will eventually transfer or sell your account in order to remove the debt from the company's financial books. Creditor

How To Avoid Bankruptcy

Bankruptcy
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Filing for bankruptcy can have serious repercussions. It will not only have a bad impact on your credit, but it won’t be easy to take advantage of low interest finance loans for a long time either. So it is obviously in your best interest to avoid bankruptcy, and debt management can help you d