There are many categories of debt that are not discharged in a personal bankruptcy with tax debt being on the top of the list with the highest priority of needing to be paid. This means whatever assets you have left are sold, if any, after a bankruptcy, are used for the tax debts.
Read MoreIf you run any type of business, there will come a time when you need to acquire debt. You may need to purchase equipment or add a wing to your facility. Also, you may need to calculate your after-tax cost of debt for business purposes or individual knowledge. The following is some information about the after-tax cost of debt and how you can calculate that figure for yourself.
Read MoreDiscretionary income is money left over after you pay all your monthly bills. Having a debt plan to manage all your debts allows you to set the goals to pay them off. It is possible to become debt-free if you stay focused on your strategic plans. You must be consistent and have the willpower long enough to make a sincere effort.
Read MoreIt is the quintessential American nightmare when you are stuck with debts, but especially if you have an ongoing illness and your medical bills are racking up exponentially, and you don’t know what to do. This is the case if you have health insurance or not.
The question we will try to answer in this article is ‘Can medical debts be discharged by filing for bankruptcy?’ The short answer is yes, although each case is unique. So to get rid of medical debts, many times people choose to file for bankruptcy.
Read MoreCredit card debt forgiveness is not a “cure-all” for your money problems. Plus, if you attempt credit card debt forgiveness poorly without a clear strategy, it can make financial matters worse. Find out how credit card debt forgiveness can help you fix some mistakes madded in handling your finances.
Read MoreMost people open a credit card and make payments regularly. However it is often that something like losing a job happens, and they fall behind. It is noting uncommon.
What also happens is that the credit card company or the bank or the hospital hires a debt collector after their internal staff becomes exhausted trying to recoup the money owed.
Read MoreThe following is some information about legal and illegal debt collection practices. It will help to arm you to deal with debt collection agencies and assist you in terms of fighting such practices. You'll also receive information on restoring your credit score and minimizing your debt so that you can one day live free of it.
Read MoreWhile debt is not a problem in itself, debt can lead to problems if it isn't managed properly. If that happened to you, the first step to taking back control of your debt is to determine that you have a problem. Read on, and I will explain to you not only how to dispute a debt, but also what debt is, how you can manage it, and how you can get out of it.
Read MoreNo one takes on a debt, planning to default or not pay it. Unexpected things do happen that may prevent you from being able to pay your debts. Continue reading to find out more about the statute of limitations on debt and how it changes by state.
Read MoreStudent loan rehabilitation is a system which allows you to get out of default on your student loan. It only applies to federal student loans and you can only do it once. It doesn’t eliminate the debt – it’s not bankruptcy or anything – but it does allow you to more or less “reboot” and get back on top of what you owe. Keep reading to see how it works.
Read More
