Tag Archive | "Creditors"

What is Insolvency and How Do Businesses Deal with It?

Friday, October 26, 2012

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Insolvency is a very serious situation for any business to be in. It means that it no longer has the ability to pay debts. In many places, continuing to run an insolvent business is against the law, as it can further increase financial difficulties. Having said that, if there is any reasonable way that the […]

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Stay Ahead of Your Game: Avoid Insolvency Long Before It Comes A-Knocking

Tuesday, September 11, 2012

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Stay Ahead of Your Game: Avoid Insolvency Long Before It Comes A-Knocking

Few situations are more unpleasant in business than finding yourself faced with the dreaded spectrum of insolvency. Creditors are knocking on your door, threatening to tear it down, your staff is threatening litigation over unpaid salaries and you can barely remember the last time you paid your headquarters rent or utilities. However, difficult as such […]

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Credit Cards: How To Use Them To Save Money

Thursday, August 2, 2012

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Credit Cards: How To Use Them To Save Money

Did you know that you can actually save money using credit cards? We have all been warned about the accumulation of debt and how expensive a credit card can be. However, if you use it wisely, your card can actually help you save money rather than rack up debt. Here are three tips to help […]

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How Does 2005 Bankruptcy Reform Law Affect Me?

Sunday, July 1, 2012

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How Does 2005 Bankruptcy Reform Law Affect Me?

In 2005, the U.S. Congress passed, and President Bush signed, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). This law was pushed through by banks and credit card companies, so you can probably guess that it makes it far more difficult for some consumers to file for bankruptcy. The law almost exclusively affects Chapter […]

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The Credit Card Shuffle – saving you money on credit card debt

Monday, June 25, 2012

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The Credit Card Shuffle – saving you money on credit card debt

The “credit card shuffle” is a process that involves moving debt from one card to another in an effort to save money on finance charges and interest. This process can work effectively if done correctly. However, you should avoid using one card simply to pay off another at all costs, as this practice is not […]

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Simplest Ways to Increase Your Credit Score

Thursday, May 3, 2012

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Simplest Ways to Increase Your Credit Score

Your credit score is a number from 300 to 850 that summarizes your credit history. A score closer to 300 signifies to potential lenders that you don’t have a pristine track record, while a score closer to 850 means you typically use loans wisely and pay them back promptly. Because your credit score takes into […]

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Get your finances sorted in 7 easy steps

Monday, November 1, 2010

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Get your finances sorted in 7 easy steps

“I love you but it’s not my job to fix your finances.” -Charlotte, Sex and the City Charlotte says what a lot of people think. You know your finances aren’t just going to fix themselves, and it’s a rare friend or relative who’ll make the effort to sort out your financial mess for you. Thankfully […]

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How can you pay off your credit card debts?

Wednesday, June 16, 2010

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How can you pay off your credit card debts?

Are you unable to make timely payments towards your credit cards? Do you wish to get rid of them? If yes, you must immediately prepare a budget for yourself and determine ways by which you can save some amount each month to repay your bills. If your financial situation does not permit you to repay […]

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Is Debt Consolidation The Right Choice For You?

Thursday, May 27, 2010

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Is Debt Consolidation The Right Choice For You?

Ads for debt consolidation are omnipresent on television, radio and the Internet. What exactly is debt consolidation? Many of us have a multiplicity of bills — store cards, credit cards, car payment, medical bills, etc. Debt Consolidation aims to combine all of your outstanding debts into one new single debt — ideally with a lower […]

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