Archive for July, 2010

Facing Bankruptcy With a Recession

Tuesday, July 27th, 2010

Recessions are multi-layered events that affect the largest banks as well as individuals. In these economic downturns, investments can crumble, stocks and property lose their worth, and the job market is directly threatened by a loss of profits. As companies scramble to find solutions to their shrinking gains, their employees ...

What Will Happen If Your IVA Fails

Monday, July 26th, 2010

Certain circumstances can force an IVA program to fail. The most common reason is if you cannot afford to pay the agreed monthly payments. It is important to consider the consequences of this before you actually enter into a program.An IVA program stands for an individual voluntary arrangement. It usually ...

7 Reasons You Might Have to File Bankruptcy

Sunday, July 25th, 2010

Bankruptcy is not a last chance; it's a fresh start. The misconception is that you are giving up or taking a handout. For others, it's just another step to take financially after a lost job or losing medical coverage. In fact, those are two big reasons for filing bankruptcy. Let's ...