|
Monday, 30 June 2008 |
|
By Joseph
 Chapter 11 Bankruptcy - When Your Assets are Large
Some of the well-known forms of bankruptcy are Chapter 7 and Chapter 13 However, these forms of bankruptcy do have some limitations by factors like the amount of debts you have. An individual or business with debts that exceed $336,900.00 unsecured or secured debts with a total of at least $1,010,650.00 needs to file Chapter 11 bankruptcy. Chapter 11 is usually more applicable to businesses since incurring such extent of debt is much more possible.
How Chapter 11 Works
Chapter 11 can be characterized as restructuring of debt payments. It works like a Chapter 13 bankruptcy, actually. Instead of having debts cleared, a payment plan is constructed between the filer and the creditors so the debt is repaid.
In a Chapter 11, though, assets are often sold or liquidated to repay debts first. In a Chapter 11 bankruptcy scenario , it is usually the goal that the business stays afloat and continues in operation during the process.
The main idea is the company gets a fresh start. |
|
Last Updated ( Monday, 30 June 2008 )
|
|
Read more...
|
|
Sunday, 29 June 2008 |
|
By Michael D. Strauss
 When you look at the many different credit cards that are available, you will note that in many cases the rewards cards have a higher interest rate and even annual fee than those without rewards. This is not always the case, of course, and in all cases the rate will depend on your credit score.
In addition you may discover that the rewards cards with the lower interest rates are identified as available to those with excellent or good credit. That doesn't mean you won't qualify for a rewards card if your credit score falls into the fair or lower category, but you will have to look harder to find the card that is right for you.
By keeping in mind that many rewards cards carry a higher interest rate and annual fee that cards without rewards, you can make a decision concerning the necessity for a card which pays points for usage. If you are someone who only uses your credit card occasionally, you may find a card with a lower interest rate is more beneficial. On the other hand, if |
|
Last Updated ( Sunday, 29 June 2008 )
|
|
Read more...
|
|
|
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
|
| Results 15 - 21 of 110 |
