According to some reports, U. S. national debt level is reported to exceed $27 trillion, which is more than the country’s annual economic output. This shows that the debt issue …
The Advantages and Disadvantages of a Debt Management Plan
If you find yourself struggling with debt there are often a variety of ways that you can manage the payments. The most common ways include an IVA (Individual Voluntary Arrangement), …
Avoiding The Damaging Credit Impact of Loan Charge-Offs
Many small businesses depend on financing to meet working capital deficits in the early stages, either in the form of unsecured loans or credit cards. However, when unable to pay …
How to Qualify for Personal Loans with Bad Credit
There are instances where you can qualify for a loan even if you have bad credit. The lender may not have any requirements for having good credit, or you may …
Is it Possible to Get a Loan with Poor Credit History?
If you have bad credit, it’s still possible that you might be able to get a bad credit loan. Here’s everything you need to know about these types of loans …
Individual Voluntary Arrangement (IVA): A Suitable Option for Paying off Your Debts
What is an IVA? An Individual Voluntary Arrangement, or IVA for short, is a formal arrangement between you and your lenders/creditor companies that can help you pay off your debts …
How To Manage The Stress Of Insolvency
It’s common for businesses to experience financial stress from time to time. Various issues can cause problems with cash flow, from late customer payments to dips in revenue and unexpected …
What Types of Voluntary Insolvency Are There?
Insolvency occurs when a company can no longer pay the debts it owes to its creditors. Insolvency is never a desirable outcome for any business, but unfortunately, it’s something that …
Liquidation – Definition
Definition of liquidation (business): The winding up of a company by realising the cash value of its assets to settle its liabilities. What is liquidation? Liquidation is a word which …
How to Fix Your Credit After Filing for Bankruptcy
Bankruptcy is a very serious matter, but it isn’t the end of the world. Although filing for bankruptcy can hurt your credit for a long time, there’s a way to …
3 Wealthy Investors and Entrepreneurs Who Have Declared Bankruptcy
You’d be surprised at the number of successful businesspeople who have had to file bankruptcy at some point in their journey to success. Here are the stories of three famous …