benjamin and bankruptcy

We can learn a lot from Franklin’s perspective. Unhealthy spending habits, lack of discipline and debt can be very cancerous to our lives. So what else has he said on this topic? A well-known quote of his is as follows: “For age and want, save while you may. No morning sun lasts the whole day.”

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bankruptcy or home foreclosure

When thinking “is bankruptcy better than foreclosure?”, at the end of the day you need to realize that while sometimes foreclosure might not affect your credit score as much, it still goes on your credit report, leaves you without your home and fails to settle all the other debt you might carry. Meanwhile bankruptcy affects all your debt not just the mortgage loan debt. Bankruptcy tends to be more global financial relief.

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utah bankruptcy cost

Life can bring some unexpected challenges. The stigma around bankruptcy still persists in some circles but the reality is that often circumstances arise that you have no control over. Maybe you were in a bad accident and the impact was twofold now that the medical bills are coming in. Perhaps a relative stole money from you, or you lost your job and are struggling to find another. Regardless of how you got in this situation, bankruptcy may be your best option.

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bankruptcy meaning

Will bankruptcy affect my car insurance? If you are lucky, the only factor negatively impacting your insurance rates will be your credit score, but depending on which company you use as an insurance provider, the other factors may also cost you more money each month.

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First thing to understand, a short sale is when a homeowner, through the approval of their bank or mortgage lender, sells their home for less than what they owe on the mortgage. Potential home buyers must make a short sale offer, and homeowners then communicate this offer to the bank by applying for short sale…

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If your business is organized as a corporation or a limited liability company (LLC), your personal assets are usually protected from business creditors –unless you specifically gave up your so-called “limited liability” protection. Unfortunately, you may have done so if the bank or other creditor required a personal guarantee and/or personal security before loaning you…

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Filing for bankruptcy will stop a civil lawsuit at least in the short term . The automatic stay is what will prohibit people from collecting from you and you will be protected from a judgment being entered in the lawsuit until a creditor takes the necessary steps to get a court order allowing them to…

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Bankruptcy happens as a result of being insolvent, or unable to pay back your debts. Bankruptcy is a legal status that lasts for a few month to several years depending on the kind of bankruptcy you pursue.  It is an alternative to get rid of debts that you are unable to pay by yourself. It…

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Ever wonder why do we have bankruptcy and why it’s important?  Bankruptcy is important because it is one of the few tools we have to free ourselves from financial enslavement. People who cannot work freely are unproductive yet when debtors become liberated from their debts they usually once again become productive and functional to society. …

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Most of the time when you are thinking about bankruptcy it comes at a stressful point in your life.  One of the principal worries is probably if you’ll be able to keep your home or not. This will depend on several factors including the type of bankruptcy you file. The good news is that with…

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