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Articles Archive for September 2010

Bankruptcy »

[17 Sep 2010 | No Comment | ]

 If you find yourself in the unenviable situation of consideration bankruptcy, check out the following explanation of bankruptcy Chapter 7 exemptions. It could just be the right fit for you.
Get to know Bankruptcy Chapter 7 Exemptions
When your debts are too much to bear, you may not have any option other than filing for bankruptcy.
Many people prefer  Chapter 7 Bankruptcy. In this chapter, all your non-exempted assets will be sold or liquidated that should give you a way to pay off all your debts. This chapter is supervised by the authority. The court will …

IVA »

[14 Sep 2010 | No Comment | ]

Just what are individual voluntary arrangements? I mean, I’ve heard of foreclosures and bankruptcies, but an IVA is a new one on me. So, I found the following quite interesting. Perhaps it will be just what some of you are looking for.
A Guide To Individual Voluntary Arrangements
Individual Voluntary Arrangements, often referred to as an IVA, is a legal and binding agreement between you and your creditors (those to whom you owe money). Every month, you will make a payment of a set amount, for a period of up to five years. …

Bankruptcy »

[13 Sep 2010 | No Comment | ]

I’m sure that none of you reading this would commit bankruptcy fraud! At least, not knowingly. If you find yourself facing bankruptcy, check out the following to avoid even the appearance of bankruptcy fraud. 
Avoiding, Along with Reporting, Bankruptcy Scams
Will you be declaring bankruptcy to get a fresh financial start? The ultimate way to mess up this start would be to lie or hide any property you own in the bankruptcy process. This is whats called bankruptcy fraud, and it’s a federal crime.
Based on data from the IRS, 10 percent of bankruptcy filings …