Bankruptcy & consumer credit : Law & Legal & Attorney
Nevada law inspires small business to incorporate.incorporations articles image by Keith Frith from Fotolia.comNevada and Delaware share the mantle as the most corporate-friendly states in the Union based on tax rates and liability protections, among other things, but for small...
Filing Bankruptcy by individuals and businesses, who are financially devastated, is a common occurrence. In fact, Bankruptcy filings are growing so fast that the average debtor now sees it as a financ
Upon filing chapter 7 bankruptcies, many debtors often forget to add, or purposefully leave off, some of their creditors from their chapter 7 bankruptcy. Chapter 7 bankruptcy is centered around locating all of your debts and discharging them through the bankruptcy unless formal arrangements are mad
If you've fallen behind on your mortgage and your lender is threatening you with foreclosure, filing bankruptcy may help you stay in your home. Consumer bankruptcies are typically filed under Chapter 7 or Chapter 13. In a Chapter 7 case, your debts are erased, but the court has the power to seize ce
The migratory tendency of people around the world is making the U.S. a more diverse country, where cultural knowledge and philosophies can be shared. Eastern cultures have long established the correlation between mind-body well-being and intellectual development. By integrating both Eastern and Wes
If the IRS has sent you a notice, informing you that you send owe taxes, you can count on the IRS placing a lien against your property if you do not pay the taxes within 10 days. It may be unlikely that you will come up with enough money in 10 days to pay the tax bill in full. In that case, you want
In preparing to file for bankruptcy, there are a variety of factors to take into consideration. For example, a person contemplating pursuing a bankruptcy case might wonder whether bankruptcies ever get dismissed for fraud. Bankruptcies do get dismissed for fraud, with other penalties being imposed u
When creating a business it's important to keep in mind which organizational form will be most advantageous to you. Should you decide to create an LLC (limited liability company) in South Carolina, you can experience the tax advantages and legal protections inherent in this business model. You can a
The Sarbanes-Oxley Act, also known as SOX, is legislation enacted in 2002 response to perceived problems with accounting for public corporations. The act attempts to make corporate accounting more transparent as well as increase the independence of accounting firms from the influence of their client
A small business with no more than 100 shareholders can choose to be recognized as an S corporation. Businesses that elect S-corp status do so primarily for the tax benefit, which allows for the income of the business to be passed through to the shareholders without the business paying any taxes.
Although bankruptcy offers debtors a unique method to escape creditor collection calls and restart finances after poor decision making or unexpected financial downturns, it is not without its exceptions. When most people consider how debts are released in bankruptcy, they are thinking of debt discha