Bankruptcy is the official declaration that you cannot repay your debts. This is used only as a last resort, when you have found no other way to get out of debt. For most people, this is not a good option.
Bankruptcy can only be successful if you really have tried every other option and none of [...]
Posts Tagged ‘bankruptcy’
Doing Nothing and Avoiding Bankruptcy
Debt Consolidation: An Alternative to Bankruptcy
Bankruptcy is when a person or business officially declares the inability to pay back creditors the money that was previously borrowed. This should only be done as a last resort, because bankruptcy will affect every aspect of your life.
It will also affect your ability to get loans, mortgages, and credit card in the future. However, [...]
Corporate Bankruptcy: Where Does it Leave You?
Corporations can file for bankruptcy, just like individuals. Corporate bankruptcy is the legal declaration that you cannot pay your debts.
However, the problem arises when the corporation is a large public company that has given out thousands of shares of stock to different stockholders. If you are one of these stockholders, you may be wondering how [...]
