Important Lessons About Bankruptcy
Three Financial Solutions To Try Before Filing For Bankruptcy
If you are absolutely up to your eyeballs in debt, filing for bankruptcy can be a way out. However, it does have its consequences. The bankruptcy will appear on your credit history for 7 – 10 years (depending on the type of bankruptcy you file), and the process of going through bankruptcy is time-consuming and stressful, too. Thus, it is worth your while to try a few other possible financial solutions before you resort to bankruptcy. Here are some ideas to explore. Consolidate your debt. Trying to make 15 different payments on 15...
read more3 Things to Consider Before Filing for Bankruptcy Alone if You Are Married
If you are married and have a lot of debt, you could file for bankruptcy with your spouse or by yourself. It is often better to file jointly; however, filing alone is fine in some situations. If your spouse is against filing for any reason, you could still go through with filing on your own, but there are several things you should know before you do this. Here are three important things to think through before you file alone. Your Spouse’s Income Will Matter If you think that filing alone will not affect or involve your spouse at all,...
read moreClosing Your LLC? What Should You Know About Taxes?
If you’ve owned and operated your own service-based business for years but have decided to finally retire, you’ll likely want to liquidate any remaining assets before closing your business for good. While selling a service-based business is possible in most markets, it can be tough to find someone who will maintain your business’s goodwill among the community and perform work up to the standards you’ve spent decades setting. However, closing your business has some potential consequences as well. Read on to learn...
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