Articles, tagged with "secured creditors", page 3

What Happens After Filing For Bankruptcy

When a person files for bankruptcy, an automatic stay goes into effect, which stops all threatening letters asking for debts to be repaid. It should come as a great relief to those who are unable to pay their bills. Bankruptcy attorney Benjamin Ginter run... Read >
Author: Dean Matthews

How to Increase Your Chances of Getting an Equipment Lease or Equipment Financing Approved In Canada

Lessors are being more and more cautious in financing equipment and other capital expenditures required by Canadian businesses. If that's the case, how can Canadian business owners and financial managers increase their chances of getting their business fi... Read >
Author: STAN PROKOP

Debt Relief - How to Legitimately Eliminate Your Unsecured Debt

Many individuals continue to suffer under the burden of crushing debt because they feel they have no option but to repay the debt in full. It is important to understand that a debt is nothing but a contract between the borrower i.e. you and the lender. Yo... Read >
Author: erik

Chapter 13 Bankruptcy Plan

The Chapter 13 Bankruptcy plan or sometimes referred to as the proposed plan, repayment plan or reorganization plan is the fundamental basis behind a Chapter 13 Bankruptcy. Unlike a chapter 7 bankruptcy, if you are filing bankruptcy under this chapter the... Read >
Author: Jay King

Secured And Unsecured Promissory Notes

A promissory note is a legal and binding document, and should always be honored by both parties. If there are any changes in the stated terms and conditions, they should be duly formalized in writing. Promissory notes can either be both secured and uns... Read >
Author: TopLawyer

Quick Payday Loans, Easy solution needed to finance

Salaried people are often in need of money because of their low income. They have a place to help if some bills have to go to be paid within days. Their monetary requirements now can be satisfied in the shortest time by simple payday loan. Since the conce... Read >
Author: smithjessica12

Bankruptcy: Bankruptcy Reorganization, Bankruptcy Liquidation-Any Alternatives?

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, brought about a few changes to the current USA bankruptcy laws, but in essence the structure of the 1978 Act remains the same. What is bankruptcy? Bankruptcy is a legal procedure t... Read >
Author: marciano guerrero

Chapter 7 Bankruptcy Laws

When you are in debt and choose to file for bankruptcy it is imperative to be aware of the types of bankruptcy and what it entails. Chapter 7 bankruptcy has many laws that you need to be aware of should you find yourself needing to file for one. This t... Read >
Author: Mercy

What happens when a corporation files for bankruptcy?

The fate of a corporation in bankruptcy â€" whether it goes out of business or is reorganizing in order to recover from crippling debt â€" is determined by federal bankruptcy law. The bankrupt corporation (i.e., "the debtor") can use Chapter 7 of the Bank... Read >
Author: makavelix52x

Bankruptcky Chapter 13

The aim of filing for bankruptcy under chapter 13 is for a debtor to get a chance to repay some or all his debts, in more favorable terms like low or no interest. The debtor also gets repayment period of three to five years. Unlike Chapter 7 bankruptcy th... Read >
Author: Mercy

Take the Help of a Corporate Bankruptcy Lawyer to Successfully Deal With Bankruptcy

Corporate bankruptcy lawyer is someone who specializes in cases dealing with bankruptcies relating to public companies. According to the federal bankruptcy laws, public companies can file bankruptcies under Chapter 7 or Chapter 11. Any corporate bankruptc... Read >
Author: Kaylee Hayden

Bankruptcy Rights

Financial distress happens due to many reasons, among them medical bills for uninsured illnesses and job loss, among other reasons. In most cases these are out of the debtors control. It is important that both the debtor and the creditor realize that once... Read >
Author: Peter Gitundu

Bankruptcy

Millions of people are going to court to seek protection from the harassment of the creditors. There are mainly two chapters under which financial distress petition can be filed. These are chapters 7 and 13. Chapter 7 allows for the property to be sold of... Read >
Author: Peter Gitundu

The Chapter 7 Bankruptcy Discharge

The chapter 7 bankruptcy discharge is a special order that a court issues to both the debtor and the creditor to indicate that the property in question belongs to either of them. In this way, the debtor has no personal responsibility towards the debt and ... Read >
Author: Peter Gitundu

Getting a Loan After Bankruptcy

If you have ever been declared bankrupt before, then you will agree with me that the word bad credit does not go down well with you. Getting a loan may probably be something you try to avoid like a plague. It does not have to be this bad. It is actually p... Read >
Author: Peter Gitundu

User published content is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License