Where You Can Turn For Bankruptcy Advice

At some point in your life, you may need bankruptcy advice. Although it is not something you may not like to consider, there are times in life when bills become more than you can handle and you have no other alternative but to file bankruptcy. Therefore, if you are in the midst of making the decision whether or not to file bankruptcy, it is important that you have a full understanding of the different types of bankruptcy, as well as what can and cannot be included in the bankruptcy case.

If you have lost your job, whatever the reason may be, it may be very difficult, even impossible to pay your monthly payments. If this is the case, then you may want to consider bankruptcy advice on Chapter 7. With Chapter 7, you are able to eliminate a majority of your debt and start fresh. This will give you the opportunity to get back on your feet, once you have found another job.

Although Chapter 7 allows you to start fresh, with no debt, there are some consequences that you should be aware of. When filing Chapter 7 bankruptcy, you must compile a list of all your non-exempt assets. After your bankruptcy has been approved through the courts, you will then be required to sell off your non-exempt assets. The money that is received from the sale will then go to pay off your creditors.

You need to be aware that there are certain types of debt that cannot be discharged via any form or chapter of bankruptcy. Debts that fall into this category would include things like tax liens and federal student loans. If a large percentage of your debts fall into these categories, you need to realize that bankruptcy will not wipe those out and you will still have those debts when you finish filing.

If you are still able to make some of your monthly payments, but are struggling to make all of your payments, then you may want to consider bankruptcy advice on Chapter 13. With Chapter 13, you will need to work with your lawyer and the courts in order to come up with a repayment plan. Chapter 13 allows you to keep your assets. A repayment plan will be drawn up, in which you will continue to pay off your loans, but with little or no interest. As well, some creditors may accept a portion of the money you owe, as payment in full.

Before making the decision to file bankruptcy, you will want to make sure you check out all of your other options first. Bankruptcy will dramatically hurt your credit rating since it will be a huge red flag on your credit report for the next seven to ten years. So if at all possible, consider other options such as debt consolidation. However, if bankruptcy is your only option, then you will want to find a reputable bankruptcy lawyer to handle your case. Make sure you choose a local lawyer, since he or she will be well versed in the bankruptcy laws, as they apply to your county and state.

There are times when bankruptcy is the only option to eliminate your debt. Therefore, when looking for bankruptcy advice, make sure you do your homework. A qualified and reputable bankruptcy lawyer can work closely with you, to decide what chapter of bankruptcy will work best for you and your personal situation. Most people who have filed in the past have indicated they would use an attorney if they had to do it over again, since with the attorney’s help and guidance, they saved much more than they had to pay out in attorney’s fees. For more insights and additional information about where to turn for as well as getting a free bankruptcy evaluation from a qualified bankruptcy lawyer in your area, please visit our web site at http://www.bankruptcy-data.com

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Banking solutions for all banking needs

History of banks The first modern bank was founded in Italy in 1406 and was called Bank of St. George. Since 1406 banks have sprouted all over the world and have created different specialties for financing. For example, mostly refers to a regular bank that deals with deposits and withdrawals between the consumer and the bank. Commercial banking refers to banks that mostly work with deposits and from corporations and large businesses. Investment banks work with stocks, bonds, mergers and acquisitions for corporations. As our society and business world becomes more complex, financial institutions are following suite and are specializing to fit our needs.

Retail banks specializing to fit our needs Not only have banks specialized to fit our business needs they’ve also adjusted to meet our personal needs. As technology advanced and internet, World Wide Web and email was created we started doing more work more efficiently. We’ve become dependent on computers to speed up processes. For example, before computer technology, businesses would have to travel to meetings across town or even across state. Now, with internet and computers, businesses can save time and money and conduct a web meeting with anyone from anywhere at any time. With this business technology being used everyday why would consumers want to personally travel to their local retail banking businesses to take care of their banking needs? The days of waiting in line at the bank with two forms of ID on pay day are over. Now companies can direct deposit your paychecks straight into your account. And, forget about writing checks to pay bills you can now go online and pay your bills with the click of a mouse. And, if you need to move money from one account to another just do it online.

Commercial Banks Commercial banks have been created to specialize in withdrawals, deposits and loans for corporations or large companies. Small business lending is part of the services that commercial banks provide. And, with the technology advancements, commercial banking has stepped up and made it easier to apply for small business loans with a quicker approval process. A lot of banks have done this by implementing business rule engines and automated decisioning software which speeds up the approval process. These types of investments allow consistent and accurate evaluations of applications and gives results in a timely manner. This is beneficial for the applicant and the financial institute. The quicker approval process allows the customer to build their location faster or fix that broken sign faster and it allows the financial institutions to do more loan volume.

Investment Banks Investment banks work with stocks, bonds, acquisitions and mergers of corporations. The biggest change with these types of banks is the capability of being able to go online and trade your stocks and bonds in real time. The advance in this technology has given some talented people a way to earn a living by sitting in front of their computers and tracking their investments. Banks have certainly adapted to the personal and business lifestyles of today and have saved consumers, business owners and investors a lot of time and sometimes even some money for providing so many online banking solutions.

About the author: Laurie Hollenback is a freelance writer for Innuity. For more information about or , visit .

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IVA Debt: Good Way to Avoid Bankruptcy

There are people who live on loans unlike others who take loans but by thinking wisely. Both these types of people can suffer if they cannot repay these loans. IVA debt program was designed to help these people in 1986.

is a program which helps the borrowers who are in debt to be debt free. This is a legalized contract which is signed by the debtor and the creditors. Once this contract is signed, all the responsibility of clearing the debts becomes the duty of the insolvency professionals or the insolvency practitioners. Generally a part of the total debt is written off. The borrowers have to repay few percentage of the total debt amount. Another advantage of this program is that the rate of interest on the previous loans is frozen. So the borrowers have to pay the original rates and no extra interest is paid during this program. During this program the borrowers cannot be harassed or disturbed by the lenders as it requires court permission.

This program continues for over a period of 5 years. The borrowers have to pay monthly payments to the practitioner or the professional. Then they distribute the amount to the borrower’s creditors according to the decided amount. The monthly payment generally starts from £250 or £300.

IVA debt is offered to the borrowers whose minimum debt is £15000. The minimum number of lender of the applicant should be 3 to 4. Having a bank account is necessary. The borrowers should be employed. The salary should be enough to pay the monthly payments and borrower’s regular expenses. 75% of the creditors should agree with the contract. IVA debt is offered by the insolvency practitioners and insolvency professionals. But practitioners are better as they work alone. Choosing an experienced practitioner is suggested.

Precious Almas is a senior author in loans where visitors can get useful information and apply for any type of loans online. For further information about IVA debt solution, , debt management IVA, IVA debt free, IVA debt help, IVA debt advice visit

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Information About Bankruptcy Refinancing

Bankruptcy makes a person financially unstable. In that situation he will not be able to run his life smoothly. Some times in order to paying higher rate of interestin a loan results into bankruptcy. is just as same as replacing it with entirely new mortgage. People like to go for refinancing existing loan after bankruptcy is to get a lower rate of interest and save money over existing loan. With the option of refinancing after bankruptcy it is possible that you can lower your payments and you can save your money for each month. Lenders can offer refinancing during bankruptcy because the risk involved is extremely lower as compared to the other schemes.

Before opting for you can search online for those lenders that offer refinancing during bankruptcy. You can avail the quotes of different lenders that are competing in your business. Even if you have reported for bankruptcy in the earlier days. With the facility of online searching for refinancing during bankruptcy will allow you to negotiate between different lenders online that offers refinancing during bankruptcies.

Refinancing during bankruptcies provides many benefits to you such as you can refinance your home even after or during bankruptcy, you can lower your payments with the help of refinancing after bankruptcies, you can consolidate your bills and you can fund your wards college education.

In order to you have to only fill up an online application form with some of your personal details and submit it to the lenders website. After verifying details entered by you your application will get approved in just a g few minute of time.

So it is not needed to think negatively as part from you when you are suffering from bankruptcy . Just go and apply online to avail the facility of refinancing after bankruptcy.

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What is Better, Bankruptcy Or Debt Consolidation?

There are many options available to us when looking at ways to deal with our debt which can leave us confused. Credit counseling programs, debt settlement, debt consolidation loans and bankruptcy are some of the options we can take. One might want to ask the question what is better, bankruptcy or debt consolidation? I think that one needs to look at each case in its own merit to determine which of the two options offer the best solution to the problem at hand. To understand lets look at what the two options have to offer.

Debt Consolidation

Some people worry that consolidating ones unsecured debts by the use of a secured loan is risky for us and we are not getting into the root of our debt problem but only replacing one problem with another. Others maintain that debt consolidation provides a permanent solution to our debt issues.

A debt consolidation loan replaces several unsecured loans like credit card debts with one single loan so that instead of making many payments you are now able to make one lower payment towards your debts. This will help to immediately improve your credit score. However one of the considerations to qualifying for a debt consolidation loan is your ability to make the new payment regularly. So a stable source of income or employment is crucial. In most cases the lender will require you to provide some security like a car, house or a co-signor.


If you don’t qualify for a debt consolidation loan then you might have to consider bankruptcy, under Chapter 13 or Chapter 7 depending on your circumstances.

Bankruptcy is a complete discharge of some types of debts. It means walking away from your debts including your home and other assets you may have accumulated. Although a bankruptcy is severe and it stays in your credit report for up to 10 years, lately it is becoming a convenient way for people to get out of their financial problems. Individuals who are struggling to meet their debt situation are declaring bankruptcy more and more as the credit crunch continues to bite.

It is still not inclusive as there are some types of debts like student loans and child support among others which are not included in a bankruptcy. Neither of these two options offer everything to everyone. It will all depend on each individuals financial problem.

Therefore if you have to consider what is better bankruptcy or debt consolidation, we feel this is a serious decision to make which would require the consultation with a professional financial adviser to help you look at the options open to you to suit your specific need.

If you are struggling with debts and are wondering visit and read more on how to sort out your financial problem and have a peace of mind.

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Bankruptcy may be defined as the legally declared inability of an individual or organisation to pay their creditors, who represent a third party which supplied, to the individual or organisation, a product or service for which they are legally entitled to receive full settlement.

As part of a process called involuntary bankruptcy, a creditor may instigate bankruptcy proceedings against a debtor in order to secure the funds for which they are owed. However, in the majority of cases, such proceedings are not required. Under the auspices of a voluntary bankruptcy, the bankruptcy process is initiated by the debtor, which means that it is filed by the bankrupt individual or organisation.

History In the Old Testament of the Bible and Hebrew Scriptures, the laws of Moses laid down that one Holy or Jubilee Year should take place every 50 years. Accordingly, on this day, all debts would be expunged from all Jews, and all debt slaves would be freed from their encumbrances, this being part of a heavenly command. In fact, the Hebrew, or Jewish law of debt forgiveness, can be found in the Bible, in the book of Deuteronomy 15:1–2 which gives gives clear instructions on the release from debt of all encumbered individuals every seven years. In the book of Nehemiah chapter 5, there is an entry relating to debt forgiveness among the Jewish repatriates to Jerusalem.

Further, bankruptcy did not exist in ancient Greece, which relates to the period from circa 1100 BC and the Dorian invasion, to 146 BC and the Roman conquest of Greece after the battle of Corinth. In such times, only locally born adult males could be classified as citizens. Accordingly, it was only the fathers who were entitled to legal ownership of property. Thus, every member of his family would be forced into what was called debt slavery if a father was unable to settle his outstanding debts. This would include his wife, children and servants. Such a status would be retained until the creditor had received due compensation by way of their combined physical labour.

In many city states in ancient Greece, debt slavery was restricted to a period of five years, and debt slaves were given the protection of life and limb, which regular slaves did not enjoy. On the other hand, servants of the debtor were not so fortunate. In fact, they could be retained beyond the five year deadline by the creditor and were often forced to serve their new master for possibly even a lifetime, usually under significantly harsher conditions.

The term Bankruptcy has its origins in the ancient Latin word bancus, which refers to a long bench or possibly a table, and ruptus which means broken. The term bank originally referred to a bench.

The first bankers positioned this bench in public places, in markets, fairs, and such like, and upon which they conducted their financial affairs. They also wrote their bills of exchange, which was a written order by the drawer, who withdraws the funds, to the drawee, the banker, to pay money to the payee, who requires the funds.

Therefore, when a banker’s business failed, he broke his bank, that is to say his bench. In this way, the public would be made aware of the fact that the person to whom the bank belonged was no longer able to continue his banking business.

Peter Radford writes Articles with Websites on a range of subjects, under the heading: Subject – How To Succeed. Bankruptcy Articles cover History, Role in Europe/US, Types, Prevention. Website has many more. View his Website at: bankruptcy-how-to-succeed.com View his Blog at: bankruptcy-how-to-succeed.blogspot.com

Peter Radford writes Articles with Websites on a range of subjects, under the heading: Subject – How To Succeed. Bankruptcy Articles cover History, Role in Europe/US, Types, Prevention. Website has many more. View his at: bankruptcy-how-to-succeed.com View his at: bankruptcy-how-to-succeed.blogspot.com

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IVA Debt Advice: The Best Alternative to Bankruptcy

IVA are for those people who have the bankruptcy problem looming over there heads. These are the most beneficial for all those people who are under a lot of debts and are facing bankruptcy. IVA stands for Individual Voluntary Agreement. It is an agreement between the creditor and the borrower. This agreement is completely legal and binding. IVA came about to be under the Insolvency Act of 1986 .IVA debt advice helps in tackling the problem of bankruptcy and other debt related problems. After the agreement between the borrower and the creditor takes place an insolvency practitioner is assigned to the borrower and the repayment plan is worked out accordingly. Through the IVA’s the loan amount that the person has to pay back gets reduced by a considerable extent.


IVA is an agreement between a borrower and a creditor. After this agreement is signed it becomes the duty of the associated company to help out the borrower with the debt and offer him the best advice that may be needed to tackle his/her financial problem. The borrower should choose the company with care as it will be that company only which will be helping him out. After the agreement has been signed an insolvency practitioner is assigned to the borrower to help him out. This insolvency practitioner helps the borrower in deciding the best repayment plan. Normally up to 75% of the loan can be wiped off. The loan amount can be reduced to such an extent that the borrower can pay back the loan.


After IVA the loan amount can be reduced to such an extent that the person is comfortable in paying off. It can be reduced up to an extent of 75% of the total amount. There are no extra payments that the borrower needs to make and also there are no hidden costs and charges. By taking this way out the borrower’s is protected against any court action and also his job safety is ensured.

After having hisself gone through the ordeal of loan borrowing, Daren Jone understands the need for good quality loan advice. To find , IVA programms for bankruptcy, , IVA bankruptcy help, IVA Information visit

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Loans from a bank

A loan from a bank comes either secured or unsecured. You may already have unsecured loans from the bank and not even realise. Your overdraft facility and credit cards are forms of unsecured loans. If for some reason you don’t pay these debts the bank can not repossess your house for example, the debt is not ‘secured’ against anything. As it is not secured you will be paying a higher rate of interest than a secured loan, and your credit will be less, because it is a greater risk to the bank.

If you decide that you are going to apply for a secured loan. Then you will need to prove to the bank that you own an asset which is worth more than the amount of money you are asking to borrow. This asset is used to ‘secure’ the loan. So if for whatever reason you fail to pay back the debt, the bank can legally take ownership of your asset and sell it to get there money back.

Most banks will suggest that on top of the loan you buy loan insurance, so for example you lose your job through redundancy or get run over by a crazy bus driver then the insurance will pay off your debt and your family doesn’t get landed with the bill. This personal loan cover premium is usually added to your loan in a one off amount and you pay it back over the term of the loan.

As well as an asset to secure the loan will l need to show proof of income and possibly a work contract. A permanent contract is better than a temporary one. If your self employed or you have your salary paid in the same bank as you are applying for the loan from, then the can obviously already see that you have a income and will be more than happy to get you into debt with them. The more you borrow the lower the rate of interest. If your loan period is spread over a longer period of time your monthly payments will be smaller – but remember by doing it this way it will take longer to pay off your debt and you will pay allot more interest in the end.

Be smart and do some simple math, remember they want to make money from you!

To learn more about different types of or improving your visit where you will find this and much more.

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Bank Loans for Bad Credit

Money makes the world go round and at times we find ourselves with no money and the world is still spinning- like your head! Trying to figure out how you’re going to pay the bills. Banks are the obvious place to turn but as Bob Hope said “A bank is a place that will lend you money if you can prove that you don’t need it”…………….. so true.

You credit rating can be tarnished easily, even through no fault of your own, so in a difficult situation it helps to take a breath and figure out what’s going on and not to make it worse.

If you are applying for a loan from a bank with bad credit and have some form of collateral like a paid off car or equity on your house then things may not be so difficult, but understand that collateral is securing the loan – so if you fail to make the payments the bank can take possession of your property.

If you get denied from one bank its not such a good idea to apply to 20 more because each time you apply for credit it is making your credit rating worse. When you apply the lender does a search on your credit which is registered by the credit reference agencies in the UK. The lender will be looking for recent searches (past 6 months), so if you apply to lots of lenders it going to show up lots of recent searches.

So if you can hold out on the personal loan stop applying, as its only making the situation worse. Payday loans do not do a credit check and lend you the money for 30 days which help get you out of the tight corner. Spending on your credit card, or using your overdraft may be an option but the high interest can get you deeper in trouble.

Before you apply for more loans with the bank a few simple steps can turn a bad credit rating into a good one

•Find out what’s wrong with your credit rating so you can start to fix it •Don’t max out your credit cards or other forms of credit •Don’t close paid off accounts •Have credit all on the same address and make sure your register on the electoral role •Make the payments on your credit cards and debts even if it’s the minimum payment

To learn more about different types of or improving your visit where you will find this and much more.

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Phone Banking

One of the most important commodities for any business is time. Time spent working and providing a service is the time that has an impact on how much you can earn, so one of the main goals any company should have is to create efficiencies wherever possible, and minimise the amount of time that is spent on non profitable tasks such as day to day admin and banking.

Over the last decade or so, mobile phones have become probably the most important business tools available, and have revolutionised the way that people communicate throughout their working day. Rather than being tied to an office, the mobile has freed people to work wherever they want, and constantly be in touch with their clients and colleagues.

While it is not always a great idea to be able to be contacted by clients at any conceivable time, it is still a fantastic boon to business people to be able to speak to key suppliers and clients no matter where they are.

In order to accommodate the changing accessibility needs of modern companies, one of the biggest innovations in business banking of the last few years has been the introduction of mobile phone banking.

In a similar way to other online channels such as the internet, mobile banking provides account holders with access to vital information about their financial affairs at any time, and at any place. Rather than being tied to the call centre or branch opening times, having access to your accounts via a mobile phone lets you carry out important tasks whenever you need to, rather than being tied to the schedules of other people.

If you are rarely available to carry day to day business banking due to your own work schedule, then being able to access your business current account over the phone can be a real godsend to getting your work done. You can check your balance whenever you need to, and make sure that you have sufficient funds in place to cover any liabilities or bills that are due.

Being able to access all of your banking needs online including being able to transfer surplus money into a at the end of the month to get the best rates of interest is a fantastic way of saving time during the week, but the ability to get hold of a real person when you have a query is also essential.

It is vitally important to be able to get access to a specialist advisor when you want to enquire about the products or services that are available, and this service is immeasurably improved when you have access to the same person on a regular basis. Relationships are important in business, so it pays to be certain that you are able to develop one with your bank – you may never want to call your bank manager your best friend, but in terms of the impact that good service and the right advice can have on your business, you may want to think about them as a partner in your success.

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