Businesses that are struggling with debt often consider a bankruptcy petition. Most choose this legal process to be free from some (or possibly all) of their creditor debts.
After facing a huge unforeseen lawsuit filed against the company, some are forced to declare bankruptcy. As such, business owners associate bankruptcy cases with the feeling of failure, hardship, and loss. It is regarded as a last resort when a business hits rock bottom due to financial problems. This should not be the case.

A powerful story from one man who refused to be bullied to one of the devious debt collectors:
Millions Are Hounded for Debt They Don’t Owe. One Victim Fought Back, With a Vengeance

“I couldn’t have done it — wouldn’t have dreamed of even trying — without you and Jay. You’re the very best!” D.C.

Declaring bankruptcy is not an easy decision to make. It happens when a person or a company fails to pay back its financial obligations to creditors. Some individuals believe that bankruptcy is the only way for them to stay out of debt.

If you are behind on your mortgage, beware of mortgage relief scams.

What is FSBO (For Sale By Owner)?

FSBO (For Sale By Owner) refers to the process of selling one’s home without the help of a real estate agent or broker. With the rise of house listing websites and new tools to aid FSBO sellers, this cost-effective method has become more accessible to the average homeowner. 

What is FSBO (For Sale By Owner)?

FSBO (For Sale By Owner) refers to the process of selling one’s home without the help of a real estate agent or broker. With the rise of house listing websites and new tools to aid FSBO sellers, this cost-effective method has become more accessible to the average homeowner. 

Filing bankruptcy Chapter 7, which is also referred to as liquidation bankruptcy, can wipe out different types of debt. This is considered one of the simplest bankruptcy forms. With a successful bankruptcy filing, a debtor can be spared from the need to repay debts that he or she owes from creditors.
Once your bankruptcy petition has been approved by the bankruptcy court, an automatic stay comes into place. An automatic stay ensures that creditors will not sue you for failure to pay back what you owe. This will also stop wage garnishment and creditor harassment.

Some people understand the difference between Chapter 7 and Chapter 13 bankruptcies in California. In Chapter 7, a debtor can wipe out most of their debt without paying their creditors a dime. On the other hand, in Chapter 13, a petitioner will pay a portion or all their debt. One of the primary factors a […]

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