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If your business is dealing with debt-related issues and you’re unable to repay what you owe, one of your options could be bankruptcy. However, bankruptcy is a significant blow to many businesses, even if it does help them move forward with more stability in the...
Mounting debt can be an overwhelming experience. You may find yourself needing to choose between two less than attractive options -- debt consolidation or filing bankruptcy. The one you might want to choose varies based on your individual circumstances. There are pros...
Unsecured debt doesn't just eat into your income by requiring that you make payments. It also puts you at risk of legal action by creditors that could mean a garnishment of your wages or a lien against your personal property. Filing for personal bankruptcy can be a...
Many people consider medicine a lucrative career, but they may not consider all of the expenses involved in operating a medical business. For example, the physician starting their own medical practice has to spend tens if not hundreds of thousands of dollars to get a...
If you're struggling to pay your debts, it may be tempting to file for Chapter 7 bankruptcy. However, this might mean that assets such as a car, watch collection or your Florida home will be liquidated. Other debt relief options that may be available. Reorganize...
If a debtor in Florida has debts they can no longer pay, bankruptcy allows them a legal way out. Consumers have the option of several types of bankruptcy, the most common types being Chapter7 and Chapter 13. Another common type includes Chapter 11, which is similar to...
Part of what makes credit card debt so dangerous is how fast it can pile up without a debtor noticing. Even those who watch their spending like a hawk can accrue massive debt if they experience a sudden job loss, medical emergency, or property damage. There comes the...
As a business owner, you’ve likely put lots of time and money into building your enterprise. Your efforts may have paid off for a while. Yet, you may now find yourself facing financial setbacks you did not anticipate. Your business may have reached a point where it is...
When world events present business interruptions, severed supply chains and reduced revenue, many businesses may think they have few options but to file for bankruptcy. Even when this route is the only option for your business, there are bankruptcy filings that could...
