For a business in financial distress, Chapter 11 bankruptcy, also known as a business reorganization bankruptcy, offers a win-win solution for both you and your creditors. Creditors recover a larger percentage of debt than would be possible with liquidation, while you are able to repay a more manageable portion of debt and remain open for…

Foreclosures are something no homeowner ever wants to experience. Fortunately, there are ways to keep your home out of foreclosure without filing for bankruptcy. Obtaining a mortgage loan revision that would allow you to keep your home or choosing a short sale to avoid foreclosure may be options for you. Loan Modifications According to the…

Do you receive phone calls at all hours from aggressive debt collection companies at home and work? Do you have past due notices clogging your mailbox? Receiving hostile letters about unpaid financial obligations? Have you been visited by an unwelcome collections representative? Debt collectors make more than a billion contacts with consumers each year, according…

Being threatened with home or commercial property foreclosure is a scary business. Losing a job, unexpected medical expenses, divorce or death of a spouse can all contribute to falling behind on mortgage payments. However, there are a variety of viable paths to take to stop foreclosure. Loan Modifications and Short Sales A mortgage modification changes…

Chapter 13 Bankruptcy provides opportunities for homeowners to delay or prevent foreclosure and pay off back debt on their mortgages. In some cases, homeowners can also eliminate the amount of second or third mortgages. In order for this option to work, you need to generate enough income to at least meet your current mortgage payment and your other…

Chapter 11 bankruptcy is typically filed by a company or organization when they need to undergo financial reorganization. While the company is still generating capital, bad investments or other operational issues, often place them in a position of financial distress. Filing Chapter 11 allows the business to restructure itself and evaluate its current holdings in…

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