Archive for May, 2010

I Am Renting and Cannot Pay My Debts – Should I Declare Bankruptcy Or Do an IVA?

Wednesday, May 19th, 2010

People who are renting their property will not lose the roof over their head if they declare bankruptcy. So as a tenant, is it better for an individual in serious debt to declare bankruptcy or undertake an individual voluntary arrangement? If you enter into an individual voluntary arrangement (IVA), it ...

Bankruptcy As a Fresh Start!

Tuesday, May 18th, 2010

Basically, when you owe money, you are a debtor, and persons or companies who you owe the money, are Main creditors. The legal process that can protect debtors from their creditors is commonly known as bankruptcy. But bankruptcy, is not for everyone in debt, can be useful, depending on particular ...

Chapter 13 Bankruptcy Requirements

Monday, May 17th, 2010

If you have find yourself in a financial crunch, and you are deciding to opt out by filing for Chapter 13 bankruptcy, there are several steps you must take to have your application reviewed and accepted by the US Bankruptcy court. Failure to meet any of the following requirements may ...