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Alternatives To Bankruptcy
By Nathan Dawson
If you feel you’re in over your head and just can’t seem to get ahead of your debt you may seriously be considering filing for chapter 7 or chapter 13 bankruptcy. Debt consolidation organizations just didn’t have the right options for you and your amount of debt may be too large for you to cope with on your own. So seems like the only logical resort, right? And the answer is absolutely not. While debt consolidation services and debt counseling have consistently proven to be the most effective methods of debt relief, ultimately you have to be comfortable with whichever method you choose. And if going to the effort of finding a counseling agency that you can trust seems like more trouble than you have time for, save yourself the headache (and heartache) of learning laws, check out some of these alternatives to filing bankruptcy.
Bankruptcy Alternative 1: Debt Workout
A debt workout is done through an attorney who will contact your creditors and try to rearrange the terms of your payments. Sometimes they can negotiate a creditor to settle for less than what they are owed and most commonly they will extend the length of your payment term. The primary benefits of a debt workout program are that you are saving yourself the scars on your credit report that will surely come with filing for either chapter 7 or chapter 13 bankruptcy. With debt workout you can even manage to keep property if you’ve missed out on a few mortgage payments; even unsecured debt can be worked out. Make sure to find a lawyer who understands your credit situation as well as your living situation so they have the resources to negotiate terms that you can live with.
Bankruptcy Alternative 2: Budgeting Tools
If you feel more comfortable doing this on your own and you have the will power to stick to it, budgeting tools can b a huge help when allocating where your paychecks go. Typically any given household will spend 35% on housing, 15% on transportation, 10% in savings, 25% on miscellaneous expenses, and 15% should be dedicated to paying off your debt. If is really something you want to avoid check out one of the many budgeting calculators to help more effectively distribute your income across all fields. While this alternative may not be ideal for everyone, those with the resolve to evade the stress that comes with filing for can benefit from this method.
Bankruptcy Alternative 3: Objective Calculators
So you’re making the minimum monthly payments and don’t seem to be getting anywhere. The credit card companies do intentionally require minimum payments that guarantee
New Business Opportunity Made Possible by Foreclosed Homes
Millions of vacant homes and a boom in foreclosed homes nationwide have created a lucrative new business opportunity for people looking to break into the foreclosure cleanout industry, says author of "Make Money Cleaning Out and Maintaining Foreclosures" and president of J T Stewart Enterprises, Inc. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/foreclosed_homes/business_opportunity/prweb1630474.htm ]]>
International Real Estate Portal LoftyVistas.com Re-launched with New Look and Feel and Housing Over 40,000 Property Listings from 56 Countries
"Loftyvistas.com wants to be the online source for international investment properties and real estate investments, properties for a second or third home, or vacation properties in countries including Turkey, Egypt, UAE (Dubai, Abu Dhabi), Thailand, Spain, India, Malta, Panama, Singapore, Caribbean, USA (Florida) and others", said CEO Chandra Rajaraman. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/international-real-estate/Dubai-real-estate/prweb1674794.htm ]]>
Linde North America License Exari to Automate Sales Contracts
Exari Group Inc. www.exari.com, a leading automated document assembly and contract management software company announced today that Linde, Inc., a member of The Linde Group, has licensed Exari to automate North American sales contracts for three of its business units. The Linde Group is one of the world’s leading gases and engineering companies. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/2008/12/prweb1689034.htm ]]>
Federal Reserve 401(k) Dodges Stock Market Meltdown With Stable-Value Products, Author Finds
Barry J. Dyke, author of The Pirates of Manhattan found that the majority of employee assets in the huge $4.5 billion Federal Reserve System 401(k) dodged most of the stock market meltdown by having a majority of its assets invested in stable-value life insurance products. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/2008/12/prweb1689414.htm ]]>
Business Growth Specialist Helps Companies Grow During a Recession
Executive Business Advisers is providing a unique business growth service called, The CEO Business Growth Assessment and Action Plan, which helps companies quickly improve their business performance during a bad economy or recession. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/business_growth/strategy/prweb1690324.htm ]]>
Coso Project 2008 Update: Guidance On Internal Controls - A Softrax Executive Webcast
Leading industry expert will discuss how improved internal controls can help lower risk (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/Softrax/Billing_Solutions/prweb1691274.htm ]]>
California Title Loan Company Is Proud to Announce The Launch of 123FundMe.com - 3 Steps to Unlock The Equity in Your Car
3 steps is all it takes to free up the cash locked in your car, California. Title loans are a great vehicle to access necessary funds for auto repair, medical emergencies and other short-term cash needs. In 3 quick steps, consumers can gain access to critical cashflow without needing to take the bus. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/2008/12/prweb1693514.htm ]]>
Special Delivery to bring $5,000 to One Lucky December Baby
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Read the full story at http://www.emediawire.com/releases/Intuit/TurboTax/prweb1692404.htm ]]>
DeSilva+Phillips Announces New Operational Restructuring Group
DeSilva+Phillips, media investment bankers, has launched an Operational Restructuring practice. The practice will advise media companies, private equity funds and commercial lenders who seek assistance with financial performance issues in the current economy and debt markets. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/2008/12/prweb1690854.htm ]]>
New York Area Health Systems Invest in Automated Privacy Auditing : Weill Cornell Medical College to Deploy FairWarning® Privacy Surveillance Software to Enhance Existing Privacy Auditing and Security Information Management Processes
FairWarning, Inc., the world’s leading supplier of cross-platform healthcare privacy surveillance solutions, today announced they have been selected by Weill Cornell Medical College to further automate patient privacy auditing. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/privacy_auditing/weill_cornell/prweb1694714.htm ]]>
North Carolina Company Places Cure to Housing Industry Woes in the Palm of Your Hand
Getta Jumpr, LLC introduces its on-demand, mobile, software-suite for the real estate and housing industry. Jumpr allows individuals and professionals alike to simply, quickly and accurately estimate property conditions, make property transaction decisions, plan home improvement and remodeling projects and provide easy team collaboration and project management solutions. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/2008/12/prweb1652154.htm ]]>
US Top Ten Bank Selects Silanis Electronic Signatures for Consumer and Small Business Loans Processing
Silanis Technology, the leader in electronic signatures, announced today that a top ten bank in the United States has selected the Silanis ApproveIt Web Server to enable the electronic completion of consumer and small business loan transactions. The adoption of electronic signatures will significantly lower risk to the bank related to incomplete loan documentation and cut millions off the bottom line in associated transaction processing costs. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/2008/12/prweb1674224.htm ]]>
Auto Finance Market Profits from Pricing and Profitability Management Suite from Nomis Solutions
The Suite Leverages Strategic Pricing and Offer Optimization Capabilities to Improve Financial Performance (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/nomissolutions/autofinancemarket/prweb1674574.htm ]]>
Nomis Solutions Announces Pricing and Profitability Management Suite for Retail Banks
Retail Banking Suite Leverages Strategic Pricing to Optimize the Customer Acquisition and Portfolio Management Process for Consumer Lending and Deposits (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/nomissolutions/retailbanks/prweb1675264.htm ]]>
SurePayroll Revolutionizes Payroll Processing with 1-Click™ Payroll Technology
New technology reduces time spent on small business payroll processing from minutes to seconds. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/2008/12/prweb1675284.htm ]]>
BizBash Toronto Names Lisa Jansen Associate Publisher
David Adler, founder and C.E.O. of BizBash, the media company serving the meeting and event industry, announced today that Lisa Jansen has been named Associate Publisher of BizBash Toronto. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/BizBash/Toronto/prweb1689154.htm ]]>
Consumers Even More Vulnerable to Over-Priced Loans
As credit from many respected providers dries up, many borrowers are being lured into the hands of less scrupulous players, charging exorbitant interest rates.Sara-Ann Burgess, director at payment protection insurance (PPI) specialist Burgesses, said many firms were preying on consumers looking for credit and making it very difficult for them to meet repayments because of the huge interest rates they were charging. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/payment/protection/prweb1688304.htm ]]>
Offshore Library Offers Whopping 50-Percent Discount to Celebrate its Re-Launch Campaign
Offshore Library, the provider of innovative marketing and B2B networking opportunities, kick-starts its re-launch campaign with a great offer to the following offshore businesses: Offshore Hedge and Mutual Funds, Offshore Banks, Offshore Advisors, Offshore Business and Financial Service Providers. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/hedge/funds/prweb1688724.htm ]]>
Forex Trading Pal Launches Rebate Program to Strengthen its Introducing Broker Status
(PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/2008/12/prweb1688774.htm ]]>
Are You Ready for Year-End Compliance Deadlines?
To provide an update on compliance issues facing broker/dealers and investment advisors as we approach year end, MGL Consulting will sponsor a unique one-hour “Compliance Chat” teleconference on December 9, 2008 at 3:15 p.m. CST. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/MGL_Consulting/Compliance_Chat/prweb1688914.htm ]]>
Centrix Announces Payee Match for Check Positive Pay
Centrix Solutions, Inc., has announced the addition of Payee Match functionality to Exact/TMS™, the comprehensive check positive pay, ACH positive pay and check reconcilement system developed by Centrix and used by banks across the United States. Payee Match electronically compares the payee name from the check image to the original payee name that was on the check at the time the check was issued. This enhancement allows financial institutions to take the fight against fraud to a new level, while also providing a marketable competitive advantage. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/Centrix_PositivePay/PayeeMatch/prweb1689564.htm ]]>
Marathon Health Joins Forces with New Balance for Employee Health - Associate Health Services Provided at Three Maine Locations
Marathon Health, a leading provider of onsite health services and technology solutions, has announced that New Balance, the athletic products company, has selected Marathon Health to develop, implement and manage onsite health clinics and to provide health services to workers at New Balance facilities in Maine (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/2008/12/prweb1690864.htm ]]>
Retirement Experts Urge Plan Sponsors to Shift Focus from Accumulation to Generating Lifetime Income
Generating secure lifetime retirement income should become an urgent priority for plan sponsors and participants, according to the Institutional Retirement Income Research Council (IRIRC). In its first white paper, Institutional Retirement Income Solutions: A Call to Action, available through the organization's website, wwww.irirc.com, the IRIRC discusses why defined contribution plan sponsors should consider adding retirement income solutions to their plans. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/2008/12/prweb1691514.htm ]]>
E-Renter USA Experiences Significant Growth Despite Struggling Economy
Whatcom County success story E-Renter USA continues its phenomenal growth. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/real_estate/E-renter/prweb1692654.htm ]]>
Metropolitan Streamlines The Recruiting Process with Talent Technology’s CV Extraction Software for PeopleSoft Enterprise HCM
Multi-national financial services company automates candidate CV capture to improve hiring efficiency in a tight economy. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/2008/12/prweb1692894.htm ]]>
The Albany Group Responds to UK Tax Rules Confirming Temporary Worker Travel Deductions
Albany’s expertise in contract and temporary worker management sheds light on Pre-Budget statement (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/2008/12/prweb1694324.htm ]]>
2009 International Deadlines CFOs Don't Want to Miss : Nair & Co.'s Vyoma Nair Presents a Checklist of Key Regulatory Dates for U.S. Companies Operating Overseas
With the U.S. economy slumping, increasing numbers of companies are tapping into emerging markets overseas. Foreign markets offer lucrative paybacks but they often come with a knotty mix of compliance, tax, and regulatory challenges too. If you are setting up or have existing operations in an overseas market, it is time to start preparing for the 2009 deadlines. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/nair_co/tax_returns/prweb1695054.htm ]]>
Want to Show Employees You Care? Globoforce Recommends Giving Recognition Year Round, Not Just During the Holidays
Recognition Strategist Globoforce Offers Five Tips to Energize and Engage Employees Throughout the Year (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/globoforce/employee_engagement/prweb1695734.htm ]]>
New White Paper From Marketing Management Analytics Lays Out Success Factors In Creating A Marketing Accountability Program
Paper shows how marketing can partner with finance and management to drive sales, profit. (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/2008/12/prweb1618774.htm ]]>
PayCycle Survey Finds 34% of Small Business Owners Want a Stimulus Package as "First" Action
58% Are Canceling Year-End Bonuses (PRWEB Dec 2, 2008)
Read the full story at http://www.emediawire.com/releases/2008/12/prweb1676014.htm ]]>
they will get the most bang for YOUR buck. Drawing out payments increases the amount of interest you will have to pay in turn lining their already deep pockets. There are however, many online tools you can use to calculate a monthly minimum payment that will actually get you ahead of the curve. This method works best when combined with the previous to really get a grasp on which portions of your monthly paycheck need to go where. Though it will take some time, this method is sure to get you out of the red.
All in all, bankruptcy, chapter 7 or otherwise, doesn’t have to be the only option. Find the method you are most comfortable with and persevere. Best of luck. | |
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Bankruptcy Law Changes - The Bad
By Talbert
The purpose of the new legislation, which President Bush recently signed into law, is to eliminate the so-called “bankruptcy of convenience.” Supporters of the bill allege that most personal Read more...
| Can You Choose The Type Of Bankruptcy Filling?
By Cornie Herring
In general, you can choose the type of bankruptcy for filling, under certain circumstances you may only eligible for certain type of bankruptcy filling. In most cases, debtors will choose chapter 7 Read more...
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