Is financial debt solutions a better solution fo filing bankruptcy?

Is financial debt solutions a better solution fo filing bankruptcy?
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1 Answer

Answer :

Debt solutions or consolidation is something you should look into before filing bankruptcy. Consolidationg your debt allows you to make smaller payments over a set amount of time and can positively effect your credit.
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Related questions

What are my options for debt relief besides filing bankruptcy?

Description : What are my options for debt relief besides filing bankruptcy?

Last Answer : Instead of filing bankruptcy, you can contact your lenders and negotiate settlements with them. If they are aware that you are facing bankruptcy, they often will settle for amounts less than what you owe them.

Client filing for bankruptcy?

Description : Client filing for bankruptcy?

Last Answer : At some point you will need to file a claim against the company (to the bankruptcy trustee, once they are appointed). You'll wait and wait and wait. There's a hierarchy of who gets paid first ( ... they are filing bankruptcy and when it is possible for you to file a claim. read this Good luck.

What will happen to San Bernardino upon filing for bankruptcy?

Description : What will happen to San Bernardino upon filing for bankruptcy?

Last Answer : Bankruptcy would mean that the city can stop servicing its debt and can focus on paying for services. The city has already laid off some 20 percent of its workforce and cut salaries. It is a wakeup call and a lesson for all of the US.

American Airlines may be filing for bankruptcy. My dad is a pilot for them. What does this mean for me?

Description : American Airlines may be filing for bankruptcy. My dad is a pilot for them. What does this mean for me?

Last Answer : Chances are that they are filing operating bankruptcy (Chapter 11) which means that they are reorganizing their debt structure while under the bankruptcy court’s protection, which is unlikely to mean any changes in staffing. Your dad’s job should be safe for now.

Is there any symbolic signficance to GM filing for bankruptcy?

Description : Is there any symbolic signficance to GM filing for bankruptcy?

Last Answer : GM is already out of bankruptcy.

Sirius / XM is filing for bankruptcy. Will we loose satellite radio?

Description : Sirius / XM is filing for bankruptcy. Will we loose satellite radio?

Last Answer : psst, it’s lose!

Is it a problem to appoint someone who is filing for bankruptcy as a trustee to your investment account?

Description : Is it a problem to appoint someone who is filing for bankruptcy as a trustee to your investment account?

Last Answer : yea, I think so

What can be done to build credit history after filing bankruptcy?

Description : What can be done to build credit history after filing bankruptcy?

Last Answer : After filing bankruptcy, it is extremely important to be very careful to pay bills in full and on time. Missed payments or carrying credit card balances can negatively impact credit scores.

My brother is thinking of filing bankruptcy. If he filed for bankruptcy would this also take care of the back taxes he owes on his property?

Description : My brother is thinking of filing bankruptcy. If he filed for bankruptcy would this also take care of the back taxes he owes on his property?

Last Answer : It depends on a number of circumstances; often it isn't possible to discharge back taxes in bankruptcy, but it is in some cases if the back taxes are over 3 years old.

Will filing for bankruptcy stop the foreclosure?

Description : Will filing for bankruptcy stop the foreclosure?

Last Answer : Well, yes and no! Many homeowners will file for Chapter 13 specifically to stop their sale date. Only to find out later, that their mortgage is not included and now they may have both on ... collect or contact you. However, the automatic stay and the stopping of the foreclosure is ONLY temporary.

What kinds of financial debt solutions are available?

Description : What kinds of financial debt solutions are available?

Last Answer : Many different types and kids of financial debt solutions are available. Some of these solutions include taking out a loan or paying off your debt and bills.

Is it worth going through the process of filing a complaint with a debt collection agency that has my number for no known reason and keeps calling me? Or is it a waste of time?

Description : Is it worth going through the process of filing a complaint with a debt collection agency that has my number for no known reason and keeps calling me? Or is it a waste of time?

Last Answer : answer:The next time they call, tell them that the person they are trying to reach doesn't live there and if they call again you will be filing charges against them with a lawyer (even if the ... violation of them. If you tell them and they continue you would have a legitimate case for a lawsuit.

Should I sue the debt collectors or file for bankruptcy?

Description : Should I sue the debt collectors or file for bankruptcy?

Last Answer : For every count of harassment, you can get between $500-$5000 depending on the state. It really is as simple as recording them and filing a lawsuit. There was a news story recently about a guy whose ... purposely get harassed by debt collectors so he could sue them. He was pulling in over 100k/yr.

Have bankruptcy laws changed recently so that the debt needs to be paid back now?

Description : Have bankruptcy laws changed recently so that the debt needs to be paid back now?

Last Answer : answer:The whole point of bankruptcy is that your assets cannot repay the debts you have, so complete debt repayment is not required. The major point that many people miss is that bankruptcy offsets ... on their credit reference file will struggle to get any kind of credit in the foreseeable future.

Pros and Cons of Bankruptcy Debt Settlement?

Description : Pros and Cons of Bankruptcy Debt Settlement?

Last Answer : If you're in debt, chances are you didn't expect to be in this state. People get into debt for a variety of reasons, from making a huge purchase that they can't afford to losing their ... While you can file for bankruptcy on your own, protect yourself and your assets by hiring a bankruptcy lawyer.

.Which of the following fee arrangements is in violation of the Code of Professional Conduct? a. A fee based on whether the CPA's report on the client's financial statements results in the approval of a bank loan. b. A fee based on the outcome of a bankruptcy proceeding. c. A fee based on the nature of the service rendered and the CPA's particulaexpertise instead of the actual time spent on the engagement. d. A fee based on the fee charged by the prior auditor.r

Description : .Which of the following fee arrangements is in violation of the Code of Professional Conduct? a. A fee based on whether the CPA's report on the client's financial statements results in the approval of a ... actual time spent on the engagement. d. A fee based on the fee charged by the prior auditor.

Last Answer : A fee based on whether the CPA's report on the client's financial statements results in the approval of a bank loan

How best would you describe the financial position of the company, at the beginning of the simulation when control of the company is handed over to you? a. Of moderate excellence b. Close to bankrupt c. Bankrupt d. Heavily indebted but not close to bankruptcy e. Bad but with ample opportunity for improvemen

Description : How best would you describe the financial position of the company, at the beginning of the simulation when control of the company is handed over to you? a. Of moderate excellence b. Close ... d. Heavily indebted but not close to bankruptcy e. Bad but with ample opportunity for improvemen

Last Answer : a. Of moderate excellence

Which of the following is not a financial service under the Insolvency and Bankruptcy Code, 2016? a) Accepting of deposits b) Effecting contracts of insurance c) Payment of wages to employees d) Establishing an investment scheme

Description : Which of the following is not a financial service under the Insolvency and Bankruptcy Code, 2016? a) Accepting of deposits b) Effecting contracts of insurance c) Payment of wages to employees d) Establishing an investment scheme

Last Answer : c) Payment of wages to employees

What's your response to "Money as Debt" (see video)? Is it true that our society is that economically unsustainable and do you agree with its solutions?

Description : What's your response to "Money as Debt" (see video)? Is it true that our society is that economically unsustainable and do you agree with its solutions?

Last Answer : answer:For less then a trillion dollars of stimulus money. Take 500 billion. Pay off the national credit debt. Take another 100 billion and inject into education. Providing an intranet for kids to access ... necessary. Abuse of that power is never a good thing. IT has been abused too long.

How can I check if consumer debt solutions services are legitimate?

Description : How can I check if consumer debt solutions services are legitimate?

Last Answer : A legitimate debt solution service are usually associated with Association of Independent Consumer Credit Counseling Agencies (AICCCA) and National Foundation for Credit Counseling (NFCC). These organizations require ... Business Bureau is a good way to see if the company is in good standing.

Where can I get advice on credit card debt solutions?

Description : Where can I get advice on credit card debt solutions?

Last Answer : I am so in debt and I am worried about paying my credit cards. Where can I get advice on credit card debt solutions?

Is it generally better for your credit score if you pay off old debts or if you file for bankruptcy?

Description : Is it generally better for your credit score if you pay off old debts or if you file for bankruptcy?

Last Answer : Better to pay off. Bankruptcy puts a big mark on you credit report, no one wants to get left holding the bag when you opt out of your debt. Bankruptcy takes the legal obligation away, but does not clear your record.

What, for you, is the threshold of personal financial debt?

Description : What, for you, is the threshold of personal financial debt?

Last Answer : answer:I have no credit card debt. None. I pay the bill in full every time. That way I get an interest free loan, paid for by the folks who only pay the minimum balance. If I had a running balance ... the boys. If you are one of the folks with a 42 flat screen on your credit card bill. Thanks.

Given what the threat of a Greek default is doing, what would the Tea Party have done to world financial stability if they had managed to force a US default on debt?

Description : Given what the threat of a Greek default is doing, what would the Tea Party have done to world financial stability if they had managed to force a US default on debt?

Last Answer : I'm not so sure as to the specifics of what might happen. I'm not an economist so my best guess is it would be a major disaster? I'm also not sure whether the Tea Party freshmen really understand the ... I'm not sure they even care about what happens to the world. Do they even think about it at all?

What is a good program for handling complex financial/debt/payment equations?

Description : What is a good program for handling complex financial/debt/payment equations?

Last Answer : answer:This seems like a really good program and you can download a fully functional demo from their site to see if you like it http://www.cognito.co.nz/ You might want to check this out too. (unless your on a PC then nm) http://www.jumsoft.com/money/

Which of the following cannot be called as a debt instrument as referred in financial transactions? A. Certificate of Deposits B. Bonds C. Stock D. Commercial Paper

Description : Which of the following cannot be called as a debt instrument as referred in financial transactions? A. Certificate of Deposits B. Bonds C. Stock D. Commercial Paper

Last Answer : C. Stock Explanation: Debt instruments are assets that require a fixed payment to the holder, usually with interest. Examples of debt instruments include bonds (government or corporate) and mortgages.

Long-term debt securities issued by the GOI or any of the State Government‟s or undertakings owned by them or by development financial institutions are called as ________ A. Shares B. Debentures C. Bonds D. Both (A) and (C) E. None of the Above

Description : Long-term debt securities issued by the GOI or any of the State Government‟s or undertakings owned by them or by development financial institutions are called as ________ A. Shares B. Debentures C. Bonds D. Both (A) and (C) E. None of the Above

Last Answer : C. Bonds Explanation: Long-term debt securities issued by the Government of India or any of the State Government‘s or undertakings owned by them or by development financial institutions are called as bonds.

________ are financial markets for the buying and selling of long-term debt or equity-backed securities. A. Bullion Market B. Capital Market C. Money Market D. All of the Above E. None of the Above

Description : ________ are financial markets for the buying and selling of long-term debt or equity-backed securities. A. Bullion Market B. Capital Market C. Money Market D. All of the Above E. None of the Above

Last Answer : B. Capital Market Explanation: Capital market is a market where buyers and sellers engage in trade of financial securities like bonds, stocks, etc

Which of the following statements is most correct? A. For small companies, long-term debt is the principal source of external financing. B. Current assets of the typical manufacturing firm account for over half of its total assets. C. Strict adherence to the maturity matching approach to financing wD. Similar to the capital structure management, working capital management requires the financial manager to make a decision and not address the issue again for several months.ould call for all current assets to be financed solely with current liabilities.

Description : Which of the following statements is most correct? A. For small companies, long-term debt is the principal source of external financing. B. Current assets of the typical manufacturing firm account ... the financial manager to make a decision and not address the issue again for several months.

Last Answer : B. Current assets of the typical manufacturing firm account for over half of its total assets.

4. For which of the following reasons might inflation cause Real GDP to grow slower than it otherwise would? a. Inflation makes everyone poorer b. Inflation reduces the value of consumer debt c. Inflation increases business investment spending d. Inflation decreases savings in financial form

Description : 4. For which of the following reasons might inflation cause Real GDP to grow slower than it otherwise would? a. Inflation makes everyone poorer b. Inflation reduces the value of consumer debt c. Inflation increases business investment spending d. Inflation decreases savings in financial form

Last Answer : d. Inflation decreases savings in financial form

A balance sheet for a chemical plant shows its financial condition at any given date. It does not contain the __________ of the plant. (A) Current asset (B) Current liability (C) Long term debt (D) Profit

Description : A balance sheet for a chemical plant shows its financial condition at any given date. It does not contain the __________ of the plant. (A) Current asset (B) Current liability (C) Long term debt (D) Profit

Last Answer : D) Profit

Which of the following is not one of the primary concerns in the Finance Department? a. Acquiring the capital needed for company activities. b. Establishing a dividend policy that maximizes the return to shareholders. c. Setting accounts payable and accounts receivable policies. d. Driving the financial structure of the firm, its relationship between debt and equity. e. Deciding promo and sales budget

Description : Which of the following is not one of the primary concerns in the Finance Department? a. Acquiring the capital needed for company activities. b. Establishing a dividend policy that maximizes the ... structure of the firm, its relationship between debt and equity. e. Deciding promo and sales budget

Last Answer : e. Deciding promo and sales budget

he ratio which is used to ascertain the soundness of the long term financial position is------------ a) Debt equity ratio b) Liquidity ratio c) Activity ratio d) Gross profit ratio

Description : he ratio which is used to ascertain the soundness of the long term financial position is------------ a) Debt equity ratio b) Liquidity ratio c) Activity ratio d) Gross profit ratio

Last Answer : a) Debt equity ratio

A commercial banker would prefer a ____________ debt-equity ratio over the years as it indicates financial strength of a unit. A. Declining. B. Increasing. C. Stable. D. Fluctuating.

Description : A commercial banker would prefer a ____________ debt-equity ratio over the years as it indicates financial strength of a unit. A. Declining. B. Increasing. C. Stable. D. Fluctuating.

Last Answer : A. Declining A commercial banker would prefer a declining debt-equity ratio over the years as it indicates the financial strength of a unit. A declining debt-equity ratio means that the company ... fluctuating ratio might indicate that the company is not able to manage its debt and equity properly.

If ROI is more than cost of debt a. EPS increase b. Financial risk increase c. both a & b d. none of the above

Description : If ROI is more than cost of debt a. EPS increase b. Financial risk increase c. both a & b d. none of the above

Last Answer : Answer: c

If EBIT is less than the financial break even point then a.+ EPS b. - EPS c. no effect on EPS d. cash of debt increase

Description : If EBIT is less than the financial break even point then a.+ EPS b. - EPS c. no effect on EPS d. cash of debt increase

Last Answer : Answer:b

What exactly does "fee fi fo fum" mean?

Description : What exactly does "fee fi fo fum" mean?

Last Answer : Nothing nothing nothing nothing.

Have you heard fo this author?

Description : Have you heard fo this author?

Last Answer : I've read some of his work and have also heard him on NPR many times. I'm not sure about plot planning as much of his work seems to be stories and recollections pieced together. It seems ... Under the Influence is laugh out loud funny! They must have had a very amusing or very painful childhood.

I have a hard pink fuzzy substance on one of my plants/bushes. What is it & what do I fo w/ it?

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Last Answer : You did not say what kind of plant, I would just cut that off and bag & trash it..........

Which of the following best describes what a concentration camp isA. A place to concentrate on hard tasks B. A place to take napsC. A place where people were forced to work and often dieF. A fun spot to fo far a vacation?

Description : Which of the following best describes what a concentration camp isA. A place to concentrate on hard tasks B. A place to take napsC. A place where people were forced to work and often dieF. A fun spot to fo far a vacation?

Last Answer : The Devils Arecmutic

Facebook fo te I like or share

Description : What's the difference when I like it or share it? On Facebook ?

Last Answer : I like it, people on your profile will see what you like. When you click to share, you share it. So sharing is better for publishers.

Assertion `:` First heart sound (LUBB) is produced at the beginning fo ventricular systole stage. Reason `:` During ventricular systole semilunar valv

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Last Answer : Assertion `:` First heart sound (LUBB) is produced at the beginning fo ventricular systole stage. Reason ... D. If both Assertion & Reason are false.

Assertion `:` Neural signals through the sympathetic nerves can increase the rate of heart beat, the strength fo ventriculrar contraction and thereby

Description : Assertion `:` Neural signals through the sympathetic nerves can increase the rate of heart beat, the strength fo ventriculrar contraction and thereby

Last Answer : Assertion `:` Neural signals through the sympathetic nerves can increase the rate of heart beat, the ... D. If both Assertion & Reason are false.

Immature RBCs fo mammals have

Description : Immature RBCs fo mammals have

Last Answer : Immature RBCs fo mammals have A. No nucleus B. Single beaded nucleus C. Many nuclei D. Single nucleus.

Colouring agent fo plasma is `:-`

Description : Colouring agent fo plasma is `:-`

Last Answer : Colouring agent fo plasma is `:-` A. Billiverdin B. Stercobillinogen C. Urobillinogen D. Urochrome

Assertion `:-` Small intestine is very long and has plica circularis & villi Reason `:` All these increase internal surface area of small intestine fo

Description : Assertion `:-` Small intestine is very long and has plica circularis & villi Reason `:` All these increase internal surface area of small intestine fo

Last Answer : Assertion `:-` Small intestine is very long and has plica circularis & villi Reason `:` All these ... False. D. If both Assertion & Reason are false.

She/he keeps machines, maeerials, tools, etc., ready for operations by different workers. Whose work is described by this sentence under functionsl fo

Description : She/he keeps machines, maeerials, tools, etc., ready for operations by different workers. Whose work is described by this sentence under functionsl fo

Last Answer : She/he keeps machines, maeerials, tools, etc., ready for operations by different workers. Whose work is ... . Repaid boss C. Gang boss D. Route clerk

According to the Neo-Drawinian theory which fo the following is responsible for the origin of new species?

Description : According to the Neo-Drawinian theory which fo the following is responsible for the origin of new species?

Last Answer : According to the Neo-Drawinian theory which fo the following is responsible for the origin ... together with natural selection D. Hybridization only

Intiating orce fo evalution is :

Description : Intiating orce fo evalution is :

Last Answer : Intiating orce fo evalution is : A. Variation B. Natural selection C. adaptation D. Competition

(i) The base of an open rectangular box is square and its volume is ` 256 cm^(3)`. Find the dimensions of this box if we want to use least material fo

Description : (i) The base of an open rectangular box is square and its volume is ` 256 cm^(3)`. Find the dimensions of this box if we want to use least material fo

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