RSSBankruptcy

Financial Habits To Keep Your Business Safe From Bankruptcy

Financial Habits To Keep Your Business Safe From Bankruptcy

| June 22, 2017 | 0 Comments

The fact is that sales are the cogwheels of your business and are a sureway to avoid bankruptcy. However, cash flow is the oil without which it all cannot function. A regular cash flow is what your business needs in order to pay your employees, purchase the necessary materials, and basically keep the whole process […]

Continue Reading

Saving Grace: How to Come Back from the Brink of Bankruptcy

Saving Grace: How to Come Back from the Brink of Bankruptcy

| January 28, 2015 | 0 Comments

It is not uncommon to feel as if bankruptcy is the only option for debt relief. The constant harassing calls from creditors, mounting debt, and low bank account balances are enough to put most anyone on edge. Most people begin to consider filing for bankruptcy after just a few months. Some file bankruptcy in order […]

Continue Reading

What You Should Know About Bankruptcy

What You Should Know About Bankruptcy

| November 7, 2014 | 1 Comment

#88621051 / gettyimages.com Bankruptcy may feel like an easy way to get rid of debt and move on with your life. For some individuals this may be the only way to solve their financial problems, but in the many of cases it is possible to pay off your debt without seriously damaging your financial future. […]

Continue Reading

Financial Disarray: How to Get Out of Bankruptcy

Financial Disarray: How to Get Out of Bankruptcy

| September 15, 2014 | 0 Comments

Bankruptcy can be a useful tool for resolving debt and wiping your financial slate clean. However, that is not to say that there are no consequences for filing. The good news is that it is possible to start climbing out of that hole as soon as possible as you only want to be in a […]

Continue Reading

Consumer Proposals as an Alternative to Bankruptcy

Consumer Proposals as an Alternative to Bankruptcy

| August 26, 2014 | 0 Comments

Consumers who are facing significant debt often have few options other than declaring bankruptcy. While bankruptcy does offer certain benefits, it should generally be used as a last resort; consequences of bankruptcy can include the surrender of property, long-lasting negative credit ratings and more. Fortunately, Canadian bankruptcy laws offer a viable alternative in the form […]

Continue Reading

The How and Why of Hiring a Bankruptcy Attorney

The How and Why of Hiring a Bankruptcy Attorney

| July 19, 2014 | 0 Comments

Bankruptcy can be a devastating experience not just financially but also mentally. At a time when all you need is some mental peace and calm to sort things out, a clear head may be the last thing that you will get considering the hounding phone calls from collectors that will leave you flustered, annoyed and […]

Continue Reading

5 Things To Know Before Declaring Bankruptcy

5 Things To Know Before Declaring Bankruptcy

| January 14, 2014 | 0 Comments

If you’re considering declaring bankruptcy, then you may feel overwhelmed by where to begin. Searching online for help can be a good start, but there’s an abundance of misinformation because each person’s situation is unique. While some advice is true, the best option is to speak with a qualified professional who can answer your questions […]

Continue Reading

How Not to Go Bankrupt?

How Not to Go Bankrupt?

| December 16, 2013 | 0 Comments

Photo by Jacob Enos / Flickr Is there a way to make sure you don’t go bankrupt? Some think that the bible holds the answers to financial independence – and avoiding bankruptcy. In order to find out what the Holy Book says about going broke and how you should handle your money, keep reading. It’s […]

Continue Reading

Introduction to Debt Deals: Personal Insolvency Arrangements & Debt Settlement Arrangements

Introduction to Debt Deals: Personal Insolvency Arrangements & Debt Settlement Arrangements

| December 5, 2013 | 1 Comment

Debt settlement arrangements are contributory “debt deals” negotiated by a personal insolvency practitioner (PIP) with your unsecured creditors. Creditors aren’t obligated to accept them. You’ll have to be able to contribute towards your debts, usually from surplus monthly income but also potentially through the disposal of an asset. They will usually run for five years. […]

Continue Reading