Free Article Directory » Debt Management

What Financial Reform Would Mean to Debt Relief

Ethan Luke — Mon, 05 Jul 2010 07:39:13 +0000

In an attempt to crack down on abuses in the debt negotiation industry, Senator Charles Schumer (D-NY) introduced the Debt Settlement Consumer Protection Act (DSCPA). The amendment would regulate in two key ways:

Directors protection during Compulsory Liquidation

derekc — Fri, 18 Jun 2010 12:49:41 +0000

Once a company has been liquidated either through a Creditors Voluntary Liquidation or winding up, the liquidator will produce a report on the conduct of all of the directors in the period running up to when the business stopped trading. If the liquidator believes that the directors did not act properly during this period, then they can accuse the directors of wrongful trading. If this accusation is upheld, the directors in question can be made personally liable for the company’s debts. They may also be banned from being a director. How do you minimise this risk?

Debt Is Negative Wealth, Get Rid Of It

debtsolutionsgrp — Fri, 14 May 2010 07:52:59 +0000

Debt is negative wealth. If you want to be wealthy don’t get into debt. But howsoever simple it may appear on paper, most people take the easy way out. If they want more, they simply spend without sparing a thought to affordability, thanks to availability of easy credit card debt.

Avoiding Stress with Debt-relief Advice

freedebtsettle — Wed, 12 May 2010 13:53:12 +0000

The present global trend and the economical conditions prevailing around the world have a greater chance of worsening the situation of people in debt. A proper and good debt advice can save from drastic situations where the individual will not be able to tolerate any more stress of their debt either leading to suicidal attempts or declaring bankruptcy.

If I go bankrupt can I continue to run my business?

derekc — Mon, 10 May 2010 21:34:23 +0000

What is the effect of Bankruptcy for Directors, Sole Traders and Employees. What other options are also available if bankruptcy would be detrimental to your business.

For senior business managers or owners, Bankruptcy is not an option if you want to continue managing your business.

Is a Reverse Mortgage Right for You?

lojan110 — Wed, 13 Jan 2010 20:13:16 +0000

The idea of a reverse mortgage has gained a great deal of attention in recent years. Many retirees have found them to be an ideal way to enjoy an additional source of income that helps to stretch pensions and other types of nest eggs that were built up over the years. However, a reverse mortgage is not necessarily the answer for everyone. Here are some questions to ask if you are thinking of entering into this type of arrangement.

What is Voluntary Liquidation?

ashlynnhenry — Tue, 12 Jan 2010 10:41:52 +0000

In contrast to Compulsory Liquidation, which is initiated through a court order, Voluntary Liquidation is, as the name implies, undertaken voluntarily. Either the shareholders of a company initiate voluntary proceedings or the company directors undertake them. The legal formalities differ in each case, but in either case, the services of a licensed insolvency professional will be employed.

How to do a Company Voluntary Arrangement

ashlynnhenry — Tue, 12 Jan 2010 10:38:02 +0000

Company voluntary arrangements (CVA’s) are legally binding agreements between companies and their creditors that outline in detail a plan for settling outstanding debts. The advantage of such an arrangement is that it is a way by which company directors can remain at the helm of their company and steer it away from liquidation proceedings.

Refinancing Home Mortgage: Understanding Your Options

allendec09 — Wed, 23 Dec 2009 03:41:59 +0000

If you’re a homeowner facing a need for a large amount of ready cash, the time has never been better for refinancing your mortgage. With interest rates near all-time lows, homeowners are in a great position to get a mortgage with a better rate than they currently have, and draw from some of the equity they’ve built up in their home since they received their current mortgage.

Take Advantage of the Lowest Mortgage Rates Today

allendec09 — Wed, 23 Dec 2009 03:28:26 +0000

The housing market may be slow, but with mortgage rates near all-time lows, the mortgage industry is doing a bustling business in refinancing, as homeowners trade in their high-interest mortgages for low-interest loans that can save them thousands. Obviously, if you’re considering buying a home, now is a great time to take action, and lock in these near historic low rates for the life of your loan. But if you’re a homeowner with a current mortgage, how do you know if refinancing is the right move for you?