When a business owns bad debt, there comes a point
when the costs associated with trying to collect on the loan exceed the benefit
that the lender w...
read more
There are two bankruptcy provisions for private
citizens—Chapter 7 and Chapter 13. Of the two, a Chapter 13 is usually
preferable if you qualify f...
read more
Small businesses have multiple options when deciding how to
proceed in collecting a bad debt.
Business owners are not
subject to the Fair Debt Co...
read more
Debt settlement is a legal solution for consumers who are deep in debt
and seeking an alternative to bankruptcy.
In exchange for a one-time pay...
read more
Chapter 7 is the “nuclear option” of bankruptcy—essentially,
you sell pretty much everything you’ve got and turn out your pockets, then pay
...
read more
When a business is owed money by an individual or an entity,
the business lender may attempt to initiate involuntary bankruptcy proceedings
for a de...
read more
Businesses have
multiple options when dealing with bad debts of customers. To be considered a bad debt, the business
must have taken all reasonabl...
read more
In certain situations where a debtor has defaulted or is
extremely delinquent, the lender may decide to try and secure the bad debt by
seizing the p...
read more
