Maybe you had a dwindling hope that last year's post-holiday sales could push your company from the red to the black. Sadly, as you enter the second month of the first quarter of 2020, you're forced to confront a dismal reality: Your small business is no longer...
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Filing for bankruptcy? Try these options first
When you have too much month left at the end of your money, it's time to do some serious belt-tightening. No one likes to lead a restricted lifestyle, but if you are unable to pay your bills, it's necessary.Below are some tips for cutting back on your budget. Use...
Discuss a mortgage loan modification with your lender
Whether you've fallen behind on your mortgage payments or foresee this happening in the future, it's critical to take immediate action to protect your home and legal rights.Despite your financial frustrations, there are steps you can take to settle down your situation...
Why bankruptcy may be a better choice than debt solutions
Debt is a common issue in the United States. The average household may have credit card debt as well as a mortgage and a car loan, to say nothing of the student loans that the parents may carry as well. Given that the average American household does carry some degree...
Don’t let medical debt continue to cripple you in 2020
If medical debt has accumulated to the point where you can no longer afford to keep up with your monthly payments, you are not alone. In fact, it's estimated that 20% of Americans who are of working age and who have medical insurance still have trouble paying their...
What can I do to stop foreclosure?
People hesitate to bring up the "F" word. No, we're not discussing profanity. We're talking about foreclosure.Foreclosure is a firghtening prospect, as it means that you and your family could soon find themselves homeless if you don't make or catch up on your mortgage...
Learn some basics about filing for personal bankruptcy
Are you strung out on your debts and unable to make even the minimum payments? If so, you may be contemplating filing for bankruptcy.It can be confusing to know which type of bankruptcy is right for you. Below are some basic facts about filing for personal...
New bankruptcy rules affect Chapter 11 filers
New bankruptcy laws will be taking effect this coming February that can affect small business owners who may want to take advantage of the bankruptcy protections available to them under Chapter 11.Earlier this year, the Small Business Reorganization Act of 2019 was...
Which type of bankruptcy should you file?
It's easy to feel frustrated when you can no longer manage to pay your bills every month. But you should be aware that there is a way out of debt. Bankruptcy is viewed by some as a negative experience that indicates that you failed. The truth is that bankruptcy is...
Dwindling demand for coal sets foundation for bankruptcy
While there are several notable financial missteps that companies in New Jersey can make that ultimately require them to file for bankruptcy, there are other reasons why unsettling financial problems may occur that are sometimes out of their control. The ebbs and...
