The question you might be asking is how you can take care of tax debt when you don’t have the money to do so. There are a few options available, one of which is called an offer in compromise. This guide will provide an understanding of this option, eligibility requirements, and alternatives if an offer in compromise doesn’t work for you.
Read MoreWhen you have an unusually high amount of debt, it becomes overwhelming quickly. When you are feeling the weight of the debt, you probably feel like you need to take some action. There are a few options available to you. Among the options available to you are debt consolidation and balance transfers.
Read More"Debt validation letter." The phrase in itself sounds intimidating. Even a bit frightening. But the truth is … a debt validation letter is a WONDERFUL and HELPFUL debt relief tool for you!
Its purpose? There are several very positive debt help reasons for creating a debt validation letter, but the first and foremost reason is to keep debt collectors in check -- and away from you with their bothersome and often harassing phone calls and letters. Keep reading to learn more.
Read MoreIn this article, we are talking about receiving a summons in relation to credit card debt. When you have been served with a summons for this, you may have a lot of questions about your next steps. Continue reading this article to find out what you should do next.
Read MoreAs a general rule, companies with high levels of indebtedness, above the investment they need for their activity are usually companies that have had a more or less long period with low or negative profitability or cash generation. Therefore, it is advisable to analyze the financial pillars including among others total debt vs total liabilities, simultaneously to have a global vision of the financial health of the company.
Read MoreIf you are looking at your finances and wondering if you could be doing something better or different, it may be time for you to consult a financial advisor. There are many ways a financial advisor may be able to help you. It is essential to understand what a financial debt advisor does or does not do.
Read MoreIf an individual has been sold goods on credit, but cannot pay its debt the seller considers this money uncollectible and it is what we term as bad debt.
The bad debt is removed from the company’s accounts by recording it as an expense. This is called a bad debt expense. This article will detail what a bad debt expense is and how you can find it on the financial statements. It will also analyse how you can record them in your bookkeeping records.
Read MoreManaging debt is, and always has been, a delicate juggling act. One wrong move can all too quickly start the avalanche of phone calls and threatening-sounding letters and knocks on your front door. Let’s help you accumulate debt intelligence: the best way you can know how to win a debt collection lawsuit if you’re facing one now. Or if you’ll be facing one in the future.
Read MoreChapter 7 bankruptcy can help you discharge most of your debt and give you a clean start on life. But how much do you have to be in debt to file Chapter 7? And what steps do you take to file and qualify? Let's take a look at this process to help you get out of debt.
Read MoreGrief is a challenging process in life, and the last thing that grieving people should deal with is our debt complaints. Will the debt collectors come knocking on your door? The process is complex, and that is why you need to know what happens to the debt to avoid inconvenient situations. Here is a guide to what happens to an individual’s debt when they die.
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