Small business owners experiencing an unexpected cash deficit may find themselves in a position where it’s necessary to liquidate portions of their assets. If you’re a business owner selling your company’s assets, you may have to choose between how much you can earn, and how quickly you can sell those assets. If a business is…
Donald Trump ran as a “pro-gun” presidential candidate, but his ascent to the nation’s chief executive post did little to help the oldest firearms manufacturer in the United States. The 202-year-old Remington Outdoor Co. announced filing for bankruptcy protection earlier in the year. Remington cites a dramatic decline in the purchase of their products as…
When many people think about debt, they think about people who have spent a lot more than they could afford. They think about people who have had too many shopping sprees. However, frivolous spending is not the main reason that people have debt that they cannot afford. Forty percent of people in America have medical…
Medical debt is the top reason that people file for bankruptcy. When a person files for bankruptcy, their debt is put into one of two categories: dischargeable and non-dischargeable. While you may not be able to get rid of debts like student loans when you file for bankruptcy, you can eliminate your medical bills. How…
When you get married, you can no longer see yourself as an independent. All decisions you make from the day get your marriage certificate and onward will somehow affect your spouse, but what about bankruptcy? There are often instances when one spouse has debt issues going into a marriage, and they only intensify throughout their…
Filing bankruptcy is not an easy decision. Bankruptcy seems like an easy out when you’re overwhelmed with a variety of debts, but even the best attorneys will tell you it’s important to really consider the long-term effects. However, many individuals who have gone through the process have come out the other end much more financially…
A credit card balance transfer allows a person to move debt from one credit card to another credit card. A person might opt to do this if they want to simplify their finances and move all their credit debt to just one card, or to avoid paying high interest on the original card. The amount…
Bankruptcy is a life-changing decision that can be incredibly advantageous for those who are struggling financially. Filing for Chapter 7 or Chapter 13 bankruptcy can help a person caught in a difficult situation by eliminating specific debts, giving them a chance to get their finances back on track. While bankruptcy has many benefits, it does…
Filing for bankruptcy can be a process full of uncertainty for some as many questions may arise. “How do I know if bankruptcy is right for me? Will bankruptcy really get rid of my debt? Am I going to lose everything during bankruptcy?” These are just a few of the many questions struggling debtors present…
When filing for bankruptcy in Louisiana, whether Chapter 7 or Chapter 13, there are many factors to consider. “What assets are protected and what assets can be sold” is one of the most frequently asked questions. The reason being is that due to a lack of information, many people come up with their own assumptions…
