Whether divorce, job loss, medical reasons or overspending paved your path to debt, many people go through turbulent times with their finances. Some financial burdens are solvable through consolidation or strict budgeting. Others require more drastic measures....
Whether you are behind on hefty medical bills or substantial credit card payments, that’s your business. But the last thing you should have to put up with is unjust pestering when you are trying your best to make ends meet. Financial burdens have the word “burden”...
Loans are an almost inevitable part of getting businesses up and running, although it is tempting to try to keep control of an enterprise. Borrowing is often important when businesses are trying to expand. But this can leave some banks or investors out of luck if a...
What happens when you want to keep your business going, but you've run out of money? You could look for a loan or a line of credit, but credit scores may make this difficult or impossible. If creditors are harassing you and bills can't be paid, it might be time to...
It's hard to admit that a financial situation has gotten out of control. But sometimes bankruptcy is the right choice. The fresh start available after a time spent in bankruptcy is alluring after the stress of calls from creditors and the inability to get loans at...
Bankruptcy is designed to be a fresh start for either people or businesses. If a judge approves it, a filing can begin the process for financial recovery that may take years or be complete in a matter of months. Of course, bankruptcy can go sideways just like any...
While dealing with the trials of financial strain can be a stressful and daunting process, taking on some forms of debt may simply be a part of life. Unfortunately, sometimes it could take little more than a minor emergency to turn a manageable level of monetary...
It is always difficult to admit that debts have made a business untenable. Fortunately, that's not as serious or as problematic as it seems. Businesses often declare bankruptcy to have the chance to reorganize their finances and satisfy their creditors, who have...
If you've spent a long time building a business, you're not going to lose control over it without a fight. Some firms have been known to handle financial crises with a declaration of bankruptcy, and this can feel like an end to control over the firm's fate. But that...
Sometimes, you need a fresh start after struggling with debt. But you can't afford to lose so many of your assets and stay afloat. When bankruptcy is the best option, there are ways of getting the protection you need from creditors while keeping what you need to...
