What You Want To Know About Bankruptcy Laws

By John Steed

Bankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors. This supervised division also allows the interests of all creditors to be treated with some measure of equality. Certain bankruptcy proceedings allow a debtor to stay in business and use revenue generated to resolve his or her debts. An additional purpose of bankruptcy law is to allow certain debtors to free themselves (to be discharged) of the financial obligations they have accumulated, after their assets are distributed, even if their debts have not been paid in full.

The United States Trustee was established by Congress to handle many of the supervisory and administrative duties of bankruptcy proceedings. Proceedings in bankruptcy courts are governed by the Bankruptcy Rules which were promulgated by the Supreme Court under the authority of Congress.

There are two basic types of Bankruptcy proceedings. A filing under Chapter 7 is called liquidation. It is the most common type of bankruptcy proceeding. Liquidation involves the appointment of a trustee who collects the non-exempt property of the debtor, sells it and distributes the proceeds to the creditors. Bankruptcy proceedings under Chapters 11, 12, and 13 involve the rehabilitation of the debtor to allow him or her to use future earnings to pay off creditors.

A number of sections of Chapter 11 incorporate the debtor-creditor law of the individual states. Congress passed the Bankruptcy Code under its Constitutional grant of authority to "establish... uniform laws on the subject of Bankruptcy throughout the United States." See U.S. Constitution Article 1, Section 8. States may not regulate bankruptcy though they may pass laws that govern other aspects of the debtor-creditor relationship.

Bankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors. This supervised division also allows the interests of all creditors to be treated with some measure of equality. Certain bankruptcy proceedings allow a debtor to stay in business and use revenue generated to resolve his or her debts.

The attorney will help you understand which chapter you may file under, what bills can be eliminated, how long payments may be extended, what possessions can be kept, and all other details regarding the bankruptcy case. Bankruptcy attorneys should explain the applications of the new bankruptcy laws.

About the Author:

John Steed has many years of experience dealing with bankruptcy laws and he is the editor of the website Bankruptcy-Laws.org. To learn more about the new bankruptcy laws and how to file bankruptcy online just visit Bankruptcy-Laws.org and get all your bankruptcy questions answered.

What You Want To Know About Bankruptcy Laws

By John Steed

Bankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors. This supervised division also allows the interests of all creditors to be treated with some measure of equality. Certain bankruptcy proceedings allow a debtor to stay in business and use revenue generated to resolve his or her debts. An additional purpose of bankruptcy law is to allow certain debtors to free themselves (to be discharged) of the financial obligations they have accumulated, after their assets are distributed, even if their debts have not been paid in full.

Bankruptcy proceedings are supervised by and litigated in the United States Bankruptcy Courts. These courts are a part of the District Courts of The United States. The United States Trustee were established by Congress to handle many of the supervisory and administrative duties of bankruptcy proceedings. Proceedings in bankruptcy courts are governed by the Bankruptcy Rules which were promulgated by the Supreme Court under the authority of Congress.

There are two basic types of Bankruptcy proceedings. A filing under Chapter 7 is called liquidation. It is the most common type of bankruptcy proceeding. Liquidation involves the appointment of a trustee who collects the non-exempt property of the debtor, sells it and distributes the proceeds to the creditors. Bankruptcy proceedings under Chapters 11, 12, and 13 involve the rehabilitation of the debtor to allow him or her to use future earnings to pay off creditors.

A trustee is appointed to supervise the assets of the debtor under Chapter 7, 12, 13, and some 11 proceedings. A bankruptcy proceeding can either be entered into voluntarily by a debtor or initiated by creditors. After a bankruptcy proceeding is filed, creditors, for the most part, may not seek to collect their debts outside of the proceeding. The debtor is not allowed to transfer property that has been declared part of the estate subject to proceedings. Furthermore, certain pre-proceeding transfers of property, secured interests, and liens may be delayed or invalidated. Various provisions of the Bankruptcy Code also establish the priority of creditors' interests.

Bankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors. This supervised division also allows the interests of all creditors to be treated with some measure of equality. Certain bankruptcy proceedings allow a debtor to stay in business and use revenue generated to resolve his or her debts.

The attorney will help you understand which chapter you may file under, what bills can be eliminated, how long payments may be extended, what possessions can be kept, and all other details regarding the bankruptcy case. Bankruptcy attorneys should explain the applications of the new bankruptcy laws.

About the Author:

John Steed has many decades of experience dealing with bankruptcy. To learn more about Bankruptcy Laws visit Bankruptcy-Laws.org where you can find more information on Bankruptcy Credit Cards and filing bankruptcy online.

What Chapter7 Bankruptcy Law Exactly Is?

By John Steed

To file for Chapter 7 bankruptcies, the debtor files a petition with the bankruptcy court serving the area where the debtor lives or where the business debtor operates the business, or where the debtor has most of their assets. You are permitted to retain certain "exempt property" but all remaining assets are liquidated (sold) by the bankruptcy court Trustee. You should also understand that if you file a chapter 7 bankruptcy you could loose some or all or your property! This may be an advantage or disadvantage depending on how much equity you have in the asset.

Chapter 7 bankruptcy is an "order of relief" that triggers an "automatic stay" thus all creditors and collectors are prohibited from pursuing you or your property outside of the bankruptcy proceeding is provided by chapter 7 of bankruptcy laws.

This may or may not mean that all employees will lose their jobs. When a very large company enters Chapter 7 bankruptcy, entire divisions of the company may be sold intact to other companies during the liquidation. Chapter 7 of the Title 11 of the United States code (Bankruptcy Code) governs the process of liquidation under the bankruptcy laws. Chapter 7 is the most common form of bankruptcy.

With the petition, the debtor will file: schedules of assets and liabilities, current income and expenditures, executory contracts and unexpired leases, and also, a schedule of exempt assets. Bankruptcy forms can be purchased at a stationery store, or an attorney can help you prepare the forms. Generally back taxes less than three years old, student loans, alimony, and child support are included in statutory exceptions of non-dischargeable debts. When a troubled business is badly in debt and unable to service that debt or pay its creditors, it may file (or be forced by its creditors to file) for bankruptcy in a federal court under Chapter 7. A Chapter 7 filing means that the business ceases operations unless continued by the Chapter 7 Trustee. A Chapter 7 Trustee is appointed almost immediately. The Trustee generally sells all the assets and distributes the proceeds to the creditors.

These debts will be liquidated with the use of a CRO. This is a court appointed officer who is required to auction the properties of the concerned company. In the case of L.I.D. for example, the CRO was Consensus Advisors LLC. They performed an initial due diligence to find a suitable "stalking horse bidder." The stalking horse bidder was then required to provide a guarantee that at some minimum "reserve" price they would purchase all or part of the inventory.

In a Chapter 7 case, a corporation or partnership does not receive a bankruptcy discharge-instead, the entity is dissolved. Only an individual can receive a Chapter 7 discharge. Once all assets of the corporate or partnership debtor have been fully administered, the case is closed. The debts of the corporation or partnership theoretically continue to exist until applicable statutory periods of limitations expire.

About the Author:

John Steed has many decades of experience dealing with bankruptcy. To learn more about Bankruptcy Laws visit Bankruptcy-Laws.org where you can find more information on Bankruptcy Credit Cards and filing bankruptcy online.

Learn More About Chapter13 Bankruptcy Laws

By John Steed

The Bankruptcy Code allows both consumer debtors and corporate debtors to file a petition seeking financial reorganization. Debt reorganization filings, such as Chapter 13 filings, have several benefits over a Chapter 7 filings. A financial reorganization allows the debtor forgiveness of some of the debt while mandating a scheduled plan of repayment for the remainder of the debt.

Chapter 13 is designed for individuals with regular income who want to pay their debts, but need some time to do so. To be eligible for this type of bankruptcy, you must have a steady source of income from which you can make monthly payments to your creditors for the next 3-5 years. How much you have to pay back and what your monthly payments will be are determined by the bankruptcy court and based on things like how much money you owe, how much money your creditors would have received had you filed Chapter 7 bankruptcy, and how much you can afford to pay per month.

Chapter 13 is an alternative to Chapter 7 Bankruptcy, and is designed for individuals with regular income who want to pay their debts, but need some time to do so. In addition to Chapter 7 filings, the Bankruptcy Code allows both consumer debtors and corporate debtors to file a petition seeking financial reorganization. Debt reorganization filings, such as Chapter 13 filings, have several benefits over a Chapter 7 filings. A financial reorganization allows the debtor forgiveness of some of the debt while mandating a scheduled plan of repayment for the remainder of the debt.

Exactly how much debt will be forgiven under a Chapter 13 repayment plan and how much debt must be repaid depends on the financial circumstances and ability to of the debtor to repay the debt. The repayment is generally classified in terms of percentage, for example 70%, 80%, 90%, and 100% forgiveness of unsecured debt. The remaining percentage is paid through a court ordered payment plan monitored by the court appointed trustee. The debtor's secured debt is generally monitored by the plan and must continue to be paid by the debtor. Primarily, this type of filing prevents the distribution and/or sale of many nonexempt assets such as consumer goods purchased with a credit card. An individual person can file a chapter 11, but this should be done only in rare cases where there are many assets. The legal fees associated with the more complex Chapter 11 filings can be astounding.

Exactly how much debt will be forgiven under a Chapter 13 repayment plan and how much debt must be repaid depends on the financial circumstances and ability to of the debtor to repay the debt. The repayment is generally classified in terms of percentage, for example 70%, 80%, 90%, and 100% forgiveness of unsecured debt. The remaining percentage is paid through a court ordered payment plan monitored by the court appointed trustee. The debtor's secured debt is generally monitored by the plan and must continue to be paid by the debtor. Primarily, this type of filing prevents the distribution and/or sale of many nonexempt assets such as consumer goods purchased with a credit card.

About the Author:

John Steed has many years of experience dealing with bankruptcy laws and he is the editor of the website Bankruptcy-Laws.org. To learn more about the new bankruptcy laws and how to file bankruptcy online just visit Bankruptcy-Laws.org and get all your bankruptcy questions answered.

Have No Credit? You Can Still Get A Credit Card

By Chris Turac

If you have no credit you can get a secured credit card. They are popular among college and high school age students, who haven't got any credit cards yet. By getting this type of credit card you will start building a credit history and enjoying finance deals in the future.

Credit cards are not just for people who have good credit or excellent credit. Credit cards are extremely popular with people of all ages, and first time credit cards will enable you to start building your credit as well as enjoying the benefits that other credit card users enjoy. Credit cards to rebuild credit offer the benefits that most standard cards offer.

Bad, or no credit credit cards are available for people with low credit scores of 350-619. You can select from secured cards, which require collateral, and unsecured card offers which are based on your credit history and the promise to pay.

Compare all the details of bad or no score cards and choose the one, meeting your needs and financial plans. These cards require no credit check, because they are for people that haven't yet established a credit history.

Most of these secured credit cards will give you instant online approval. This saves you lots of time. Feel free to visit our website and compare and apply online for a credit card.

Make an effort to improve your credit score. The higher your credit score is, the more of an opportunity you will have to get reasonable terms. These cards help many consumers to boost their credit scores. They return purchasing power to customers who would otherwise have no options. The reason these cards can help you increase your score is because they are typically reported to credit reporting agencies.

If you have bad credit, you should already know that you are going to have to pay higher rates than people with good credit. There are different reasons for the increase in interest rates. The most common being that the person was late or over the limit on one of their other credit cards as well as many other reasons. As you begin to improve your credit score your interest rate will decrease.

If you have a low credit score look through secured credit card offers. This has got to be the best place to begin establishing credit. Obtain the card, manage it successfully, and loans for good rating and good credit card offers will be available for you. There are a lot of credit card offers available online for you to research. With most of those you can apply for a credit card online.

No credit credit cards are beneficial to both consumers and lenders. Secured credit cards are there to serve those who have limited to no credit history by starting them on the right path to building a credit score. Visit our website to learn more and find the best credit card for your needs.

About the Author:

Before choosing a credit card, be sure to check Chris Turak's site. You will get tips and informative articles regarding credit cards. You will also get many low interest credit cards throughout the site.

Want To Have A Positive Credit Rating And Vantage Score?

By Jim Bransby

The credit crunch in the economic world has made the credit report more important than ever before. This is not in any way harder if you just do what you are supposed to, on time. Lets not panic, here are some of the best ways you can easily avoid your credit score fear.

Whenever someone hears about credit report, the first thing that comes to mind is the bill payment. If you do not pay the bills on time, it will remark the credit report very drastically. Paying bills on time will not only give you good credit rating but also saving your money from interest fees and late fees.

Maintaining a low balance to limit ratio is another way of maintaining positive credit report overall your financial month. It also gives you more grip over your account as you can avoid using maximum amount of open credit on your account as this is never a good idea.

The other important factor is having different open accounts that cause a negative mark on your credit rating. You have to maintain all the accounts with decent balance otherwise creditors might consider risky to offer credit to the one who has numerous open accounts with no balance and a few remarks.

Donat be too conscious about your credit report applying numerously for your credit check as this will also lessen your credit score. Creditors always inquire how many applications have been made for the single account in the given month thus reducing your credit score.

A good thing to do is to have a yearly check on your credit score if itas going smooth and it is according to your credit worthiness and if found otherwise, you can always correct the things and repair your credit. By doing this, you will be able to know how your vantage and FICO score are going, as these will always be the main factors to the lenders who use them for comparing things.

If your credit is already bad, there are steps you can take to repair your rating. First, begin paying all your bills on time. Then, call your creditors to see if they would be willing to work with you so that you can get back on track. Most will lower your interest rate, refund late fees, or even offer a payoff amount that is less than the amount you owe.

A positive credit score reflects your good financial situation so always try to maintain the postive score just by taking little care of doing things on time, like paying bills before deadline, opening optimal number of accounts, maintaining low balance, checking your credit score yearly will automatically maintain your good credit rating.

About the Author:

To find out exactly how you can get your annual credit report visit my credit report website.

What Is Your Credit Scoring Mark?

By Kevin Jones

A healthy credit mark is fundamental in our financially motivated order. Paying your bills on time, tells employers and business concerns that you are a healthy financial risk and will give you a good reference grade. You might be surprised to know that this data can be utilised, no matter what attitude you have in society. You should have a healthy credit history, if you wish to buy a motorcar, buy a new home or even look for a new employment.

To be able to purchase a new car or house, an person must have a good standing in their credit history. If you have damaged your credit history recently, then you must take measures to repair the problem fast. This will enable you to use your charge card to purchase luxury items like vacations. You can locate this info without too much problem and the happy news is, it's free.

The web is a healthy place to start as they are business organizations that will give you your exact credit mark for free. Individuals can check their credit mark each year from these types of businesses. These companies will ask you a few easy questions which most individuals would be able to answer off the top of their head. Your credit mark and any outstanding debts would then be ready to view. If you find that you have a bad credit grade which will block you from purchasing anything on hire buy, there are a number of things you can do to rectify the problem.

One of the first things an person can do to step-up their credit score is to clear any old debts. Even if this was for 10 years ago, it will help in the individual's credit grading vastly. As soon as all your accounts are cleared you can begin to apply for a bad credit or no credit visa Master Card. This will be helpful for a person to begin gaining a good credit score and be able to purchase their dream home or vehicle. This can aid a person to increase their credit score, which will enable them to purchase a new automobile or their dream house. Paying off any old bills will aid a individual increase their credit mark and aid them to purchase luxury items on the credit.

It is very easy to get a bad credit score against you, but it can take some time to get your healthy credit score back. Once you have your new credit card buy a few items, and then pay them off straightaway. By doing this you will show your charge card company that you are a happy risk, this usually will help you get a higher balance on your card and at the same time Increase your credit rating.

Almost every individual has tricky times at sometime in their life. Not being able to pay your bills, for a few months may be a trouble. Then after that, the history starts dropping and an individual has a difficult time getting out of debt. You your credit grade once again and there are many methods to do this. Making a couple are bad months does not mean that a individual cannot obtain and excellent credit score so that they can buy the items they desire.

About the Author:

Kurt Russel writes cool stuff. Get more of it at bad credit

How Does LTCi Protect Young Families?

By Susan P. Payne

How Does LTCi Protect Young Families? By Susan P. Payne How Does LTCi protect young families? Every day many people of all ages experience a significant change in health status. How would it impact your family if a sudden unexpected accident or illness happened? Are you prepared to handle the cost associated with long-term care? Needing long term care help is a family issue. What will happen to saving for the kids college? Your retirement? Your finances? Planning for a secure future can be possible with integrating Long-Term Care Insurance (LTCi) protection planning.

LTCi is important, yet overlooked by many. It is the day-to-day help you need when a serious illness, injury or disability makes you physically or cognitively unable to care for yourself for a long period of time. This type of care is usually provided at home, in an assisted living facility, adult day care or, lastly, in a nursing home. No one ever wants to think about a catastrophic illness or an accident like a broken leg or hip. Close your eyes and think about what life would be like with a broken hip. You could not walk, bathe or dress yourself. You would need someone to assist you in your normal activities of daily living. Could you depend on your family? Would you spouse have to miss work? Would the kids need to miss school or their sporting events?

How will having a Long-Term Care Insurance (LTCi) plan help you and your family? 1. Protects your independence,live how you want, where you want

2. Protects your family from the potential burden of being your caretaker

3. Protect your savings, college funds and retirement plans from the high cost of long term care

4. Many plans will pay for home health care providers, home health aides and caregivers, giving you freedom to choose what makes you comfortable.

Why does someone my age need to think about long-term care? Today you are healthy. But 24-hours from now, things can change. Many illnesses, once considered to be life threatening, are now life altering with the medical advances in place today. Many now leave you 'disabled' relying on others for care, sometimes for short periods of time, sometimes for life. Long term care protection requires you to "health qualify". No matter how much you would be willing to pay, a change in health can make it impossible for you to health qualify for long term care insurance. For individuals who are currently young and in good health, you have the possibility of locking in "preferred rates" for your lifetime. Cost for insurance can be significantly lower at younger ages so you will save money! You lock in savings and you can never be canceled even if your health changes. You may benefit now and again later as many people need and use their benefits when they are young and again when they are older.

How does LTCi protect young families? Because things can change tomorrow, now is the right time!

About the Author:

Before you go out and buy a policy go to Long Term Care Insurance Quote, ask questions and request a long term care insurance. We represent 20 of the top LTCi providers. This gives you tremendous options.

Tips To Save Electricity - Quick Ways For Saving Electricity

By Matthew S. Leverton

It's no secret that using a lot of electricity in your home is bad for the environment, AND for your bills! That's why in this article we will look into various ways how people can save energy in their own homes.

The biggest possible step in switching to less energy use and lower bills, is by using renewable energy sources. Here you can think of wind power, solar power, etc. These are all types of energy that are produced "green", so they are no burden on our environment. Apart from that, they can be an infinite source of free electricity for you!

If we had to choose a renewable energy source that one can easily apply at home, we'd have to say DIY Solar Power is the smart way to go. It is a cost-effective, simple and very clean energy source, so you can help save the environment while you make some money as well.

If you are not interested in getting a wind or solar power system, you can still help to do your part for the environment, and save yourself some money. Let us show you a few easy to apply energy saving tips:

1. Light bulbs: A big opportunity to save electricity is by using CFL (fluorescent light) bulbs. If you compare them to conventional light bulbs, CFL bulbs use way less energy. Use them any time you can, and you will soon notice that your energy bill will drop significantly! Of course this means you are using less electricity, so this benefits nature.

2. Cars: One word: Hybrid! But we know that's not yet for everyone unfortunately.. In the mean time, if you use your car, please pay attention to your air conditioner. Setting your airco to a low setting will greatly reduce the amount of electricity it uses.

3. Washing machines: Of course everyone needs their washing machine, but it is very important HOW you use those! Do you sometimes use the machine just to wash a single piece of clothing? That is a big waste! The best way to go is to wait until you have a full load of washings, and than do them all in one go. This will definitely save power.

4. Monitor: When you shut down your computer, what do you do next? Walk away? Wrong! You switch off your monitor. Maybe this sounds silly (it is), but there are millions of people out there that shut down their computers and then leave their monitor switched on. Unnecessary to say this is a pointless waste of electricity.

Well that concludes our article on reducing energy use and costs. We would just like to point out once more that if you REALLY want to save energy and cut back on your electricity bills, renewable energy is out there, and it's both doable and affordable. Look into it.

About the Author:

About the author: For the last 15 years, Matthew S. Leverton has been a spokes person for green energy. You're welcome to read more about his opinions on DIY Solar Power

Do Not Just Complain: Complain Effectively

By Ed Greene

Few people like to complain. And that's certainly understandable.

However, there are times when there is really no alternative.

If your automobile is a lemon, if your oven won't heat up, if a mechanic rips you off, or if there is a torn seam in your new $400 blazer, you can't just smile and pretend nothing is wrong. Unfortunately, complaints seldom get results.

There is no mystery about why. Few people understand the art...and it is an art...of complaining. Here's how it should be done.

1. If your sole motivation for complaining is to "blow off steam", call a talk radio station instead. If you have another goal...like getting fair treatment...that's the time to complain.

2. If the person to whom you complain does not offer you what you want, ask for it. Leave no doubt about what will satisfy you and why you think it is fair. Do you seek a partial refund, full refund, product exchange, or a discount on a future purchase? Be as specific as possible. But, give the person to whom you complain a chance to make you an offer before you ask for a remedy...you may get more than you expect.

3. Do not raise your voice, do not say anything insulting about anyone in the organization from which you are seeking compensation, and be unfailingly pleasant and polite. There is no doubt about it, folks who are civil are most likely to be given what they ask for.

4. Don't "blow off steam"...state the facts calmly and objectively.

5. If you have had good previous experiences with the company about which you are complaining and/or if you expect to buy their products or services again if your problem is resolved fairly, say so.

6. Nobody likes intimidation or ultimatums; avoid both. And, avoid words like "demand", "insist", and "immediately".

7. Do not give up if the first person to whom you speak will not give you what you want. Go at least two more steps up the ladder before you give up.

8. Generally, it is counterproductive to threaten legal action or the intervention of a consumer protection agency. Try it if you think it may help, but only as a last resort, because it tends to be a conversation ender.

Do these suggestions really work? The simple answer is yes. They have helped me receive improved insurance settlements, free flights, free hotel rooms, a discount automobile rental, complimentary meals, product exchanges, and more. You can do the same.

About the Author:

Ed Greene is a college instructor and freelance journalist. His most recent articles have been on online colleges, online degree programs, effective resume writing, and the importance of professional networking in a weak economy.

Getting rid of the pain of credit card debt

By PJ Easton

There are many ways to get rid of the pain of credit card debt. This is one thing that most experts agree on; Consolidation Loans.

This is combining all the debt into one payment. This has its pros and cons:

Pros; 1. Allows one simple payment

2. Can allow you to pay the same amount, while actually paying off more of the loan. 3. Can reduce interest quickly 4. Allows you to set up one automatic payment and "set and forget" it.

Cons:

1. Can create a false sense of security having only one payment 2. Allows you the bad option of getting more cards after you have set the process up. 3. Takes away some of the pain without actually taking away the debt

If you are already having a difficult time paying your bills you don't want to make things worse by missing payments, and getting increased payment penalties

Consolidation of credit card debt into a single loan can be a great way to get away from high interest rates charged by credit card lenders.

You also will have less stress about, because instead of making multiple payments each month, you will only be making one payment.

It is possible to find a lender that will be willing to give you a debt consolidation loan, even if your credit rating has been effected, provided you can show that you have regular income to maintain the payments on the loan.

Each lender has there own criteria for debt consolidation loan approvals, so it varies widely. Always look for any "balloon payments" or increased payments over time. You are looking for set payments, over a long term, plus the option of making extra payments to pay it off faster, if you can.

You don't want to be punished for paying the loan off faster than expected. With this process it is a matter of discipline to not create any more debt otherwise the process doesn't have the desired effect.

About the Author:

How to get Rid of Credit Card Debt Fast with FREE Articles Tips at DollarGuides.com. Help tips and more plus Credit Card Debt Information

Is Investing For You?

By M Taylor

As retirement options like social security benefits become more of an unknown, investing has increased in importance as a way to save for one's retirement.

With the social security system's future in doubt, everyone is looking for ways to make sure that they have the financial security they need to retire. Making sound investments can make sure that you are protected from economic storms which can come up when you least expect them - you don't want to be unprepared when you are looking to retire.

Maybe you've been saving for years in a savings account; this is a low interest account and you'd like that money to grow faster. Perhaps you've had some sort of windfall and would like that money to grow into a retirement funs. Whichever is the case, investing can make it happen.

Investing lets you make the money you need to make your goals a reality. Whether it's a new home, a college education for your child or the good life for yourself, investing is the way to go - your individual investment strategy all depends on your goals.

You can go for high risk investments if you find yourself needing to make a lot of money quickly. There is a risk of course, but you can make a large amount of money in a short time frame. If you want to put aside money for your retirement, you need to instead make long term, safer investments.

The idea of investing is to build your wealth and financial security over the long term. Keep in mind that you'll need to retire someday and that life won't somehow become less expensive just because you have stopped working.

As we have seen from the case of Enron, you shouldn't necessarily count on your company's retirement plan and the future of social security is somewhat in doubt. To make sure that you are well provided for in your retirement, you should make the right choices with your money and invest wisely - in your future.

About the Author:

Start building wealth today. Get step by step details on how you can start earning from stocks with a Stock Bot

Are You Considering Bankruptcy?

By John Cooper

Is your credit situation making you think about filing for bankruptcy? Filing bankruptcy is a "last-resort" option for individuals who are experiencing trouble paying their bills.

Often, those who file for bankruptcy has many negative marks on their credit report. They typically have been declined for credit recently, have lenders calling them and have bills which they pay late or not at all.

It is not unusual for a home or vehicle to have been repossessed, or under the threat of repossession.

If you have debt problems such as these, then you must be looking for relief. Not being able to pay your bills is stressful and truly difficult position.

If you are considering bankruptcy, it is absolutely critical that you discover the permanent ramifications of a bankruptcy.

Bankruptcy laws were designed with you in mind. When you file bankruptcy, most or all of your debts will be resolved.

This resolution is achieved after your assets are divided amongst your creditors. This is possible, through bankruptcy, even if your assets don't pay your debts in full.

This procedure is known as liquidation, or Chapter Seven (7) bankruptcy. Chapter 7 bankruptcy is the most popular type of bankruptcy. A "trustee" or government worker handles all the administrative and supervisory duties of the bankruptcy proceedings.

Chapter 11, 12, or 13 Bankruptcy will give rehabilitation to your business, and the choice of using future earnings to pay creditors. Once you start the bankruptcy proceedings, lenders can no longer attempt to collect your debts.

Additionally, you will not be able to transfer any assets that are part of the estate. Forget about hiding your savings account or gold coin collection with a trusted friend! Also, transferring ownership of assets prior to filing bankruptcy typically does not work.

Recently, the U.S. Supreme Court ruled that retirement accounts do not have to be included in your assets that are liquidated.

Regardless of which bankruptcy you choose, it will likely be on your credit reports for 7 or 10 years. Filing for bankruptcy frees you from your existing lenders, but not from any future lenders.

If you do go through with a bankruptcy, it will narrow your credit options considerably. Good credit is not impossible to restore, but it will take some time and considerable patience.

Some things to remember:

1. Any derogatory credit item can potentially be removed from your credit report.

2. New, current good credit will make your score improve.

3. Old, negative credit falling off your report will also boost your score over time.

4. You must monitor your credit reports regularly - and dispute questionable derogatory marks such as charge offs, collection items, and late payments.

About the Author:

For a free credit consultation call 1-866-246-7311. Of for more information if you are Considering Bankruptcy visit us. Or for a free credit repair e-book.

5 Tips On Finding The Best IVA Company

By Sara Young

If you are looking for an IVA company then you should be choosy in the marketplace. There are so many companies advertising the best debt solutions in the world that it is hard to know which one to choose if you happen to be panicking about your finances, let alone taking the time to check into the individual company's background. However, most debt solutions rely on a gentlemans agreement rather than actually providing you with the peace of mind that a fixed and legally binding agreement can bring.

If you want to get a proper debt solution that you can trust, you should register with an IVA company. The IVA company will help you communicate with your Insolvency Practitioner (IP) who will be overseeing your IVA. It is very hard to find a good IP with a good reputation. Fortunately, finding a reputable IVA company is not as hard.

Follow the advice below in order to save time and frustration:

1. Always seek out a recommendation or opinion if you already know someone that has gone through the IVA process. This could be invaluable in helping your find a reputable company or avoiding a poor one!

2. Phone a few companies and see how you feel about them. If you do not like how you were treated on a phone by a particular advisor, just forget about that IVA company because that is not likely to change when you visit in person. After you phone a few companies, agree to meet with 2 or 3 of them so you have more options.

3. Never use a company that charges for an initial consultation. The consultation and preliminary paperwork should be completed for free, and a thorough analysis of your personal situation should be carried out before any work is done. If this aspect is neglected then move on to another company.

4. Never choose a company that guarantees you an IVA. Until the majority of companies that you hold debts with have agreed to the IVA then your application may still be rejected. The companies that say otherwise are only after your money. Also, beware of those stating that you will only have a low premium at the end of it because if it sounds too good to be true then it most likely is!

5. Last but not least, since you don't know if your IVA will be accepted, make sure that the IVA company agrees to give you a refund if your IVA application has been refused. You might need to pay for some of the work before the application has been completed. If you don't get such a guarantee, the IVA company is not obligated to give you a refund. So make sure you get that straight before you pay anything.

About the Author:

Finding the best information about IVA advice can be overwhelming at times. One of the best places we found online to get the straight facts is IVA Company.

To HomeBuyers Who Have To Be Debt Free For Life

By NeilV1001

What good is it to retire when you still have mortgage debt in retirement?

Do you Really Know What You Should Do Next?

Do you know the ins and outs of the stock market? Well for most of us we are only good at contributing money to our savings and 401k plans. And thats about it.

Do you consider yourself a financial whiz kid when it comes to investing in the stock market?

If not, dont be discouraged. It is not your fault you are not a specialist. It takes years of study and practice and that's what you pay a specialist for, to take care of your investments even if it is your 401 k.

Without a clear goal and objectives you are bound to lose your money even if you are managing your own money or having a specialist manage your nest egg.

The Rewards of A Final Payoff

Why would you want to hang on to that large monthly payment if you didn't have to? Outright ownership means no more mortgage and loads of money in your pocket. Using Mortgage Free for Life can speed up the process.

Paying extra towards your mortgage principal every month or biweekly is one way to eliminate your mortgage faster and reduce mortgage interest.

Are you in a position right now to spend more money each month to pay off your mortgage?

Are you in a fortunate situation where you are able to consistently pay more towards your mortgage principal each month?

Dont forget that though you want to pay off your mortgage faster it makes financial sense to have a balanced portfolio and invest at the same time

Do you know that you can eliminate your mortgage faster without spending more of your own money and use the extra cash you have for investment purposes and at the same time be mortgage free for life?

Accelerate Your Mortgage Payoff

Paying off your mortgage in under half the time is easily achieved by using the mortgage free for life system.

The method takes into account that the all banks and financial institutions charge you a significant amount of interest and fees upfront.

Applying the method of mortgage acceleration you can reverse the flow of interest paid to you bank. Instead of the bank applying more of your monthly payment to mortgage interest they happily will apply this to mortgage principal. And an acceleration system like Mortgage Freedom For Life could end up saving you thousands and eliminating your mortgage in record time.

The best way to find out if the mortgage acceleration program would work for your situation is to use a mortgage acceleration calculator. Just plug in the numbers and see how fast you can slash years of your mortgage.You may be tempted to refinance your mortgage to drop your monthly payments. It makes sense to do so when your mortgage rates have dropped. By refinancing itself does not make any difference to the term of the mortgage. The mortgage has to be repaid.

How To Take Back Control Over Your Mortgage Debt

Think of what you could do if your mortgage payment was eliminated. Putting your kids through college would be a lot less expensive, you wouldn't necessarily need loans to do it. The equity you have in your home could be used to fund the down payment on an income producing property.

Mortgage Accelerator is designed to suite your needs and can help you go from having a mortgage to no mortgage in under 10 years, saving thousands

About the Author:

Find out exactly how fast you can slash you mortgage in less than 10 years and save thousands go here to learn about more Mortgage Accelerator strategies and pay off mortgage guidelines

Is it time to refinance?

By Peter Daas

Current interest rates have dropped to a very low percentage worldwide. In the United States, national averages are currently around 5.5% for a refinanced mortgage loan. This can mean significant savings for a refinanced mortgage running into the hundreds of dollars per month.

Refinancing is often done to improve living conditions. The extra money can be used for extra groceries, a bigger or newer car or another goal that homeowners might have. Of course, the money that gets freed up by refinancing might also be used for home improvement, to increase the value and selling power of a house.

These days, houses are not selling all that quickly. A couple of home improvements could mean the difference between selling and not selling at all. Also, if you are planning to sell at a later time, your house will increase in value because of the home improvement. Using money freed up by a refinance to buy home improvements could be a smart decision.

Refinancing is best done by consulting the help of an expert. It's very important to look at the right kind of mortgage when you are thinking about refinancing, because choosing the wrong type could get you in trouble later on.

About the Author:

Peter writes articles about mortgages in English. He writes articles about hypotheek tarief and oversluiten hypotheek in Dutch.