Archive for July, 2010
Friday, July 30th, 2010
Few people believe that filing of bankruptcy is only beneficial for a debtor. However, this is not the case. Creditors have various rights and benefits as well.The first and foremost benefit is that they get back their money that looked impossible sometime back. Next when a bankruptcy is filed in ...
Posted in Small Business Bankruptcy | No Comments »
Thursday, July 29th, 2010
When filing for Chapter 7 foreclosure, you will have to identify both your secured and unsecured debts. The purpose is so that the bankruptcy trustee can inform the judge as to whether any properties of yours can be sold to reimburse your creditors.In the case of secured properties, depending on ...
Posted in Small Business Bankruptcy | No Comments »
Wednesday, July 28th, 2010
Back in 1990 when the property market fell, the bank base of interest was 23%. I was stuck with three properties. I had 30% of my money in each property, and 70% from a bank loan. The market would drop to 40% - lower than the basic market value. If ...
Posted in Small Business Bankruptcy | No Comments »
