Copyright (c) 2009 Jeffrey Matsen I. Introduction Asset protection planning has been practiced by attorneys, financial planners and accountants for several decades. Business persons have always had concern over the exposure of their personal assets to claims against the business. The corporate form of business entity with its shield of limited liability has been invoked … Read more
If you want to avoid bankruptcy your best alternative is Individual voluntary arrangement. The Insolvency act established by the UK Government in 1986 constituted a proposal for formal repayment to the creditors via an insolvency practitioner. In case of an IVA debt help, the charges of the secured creditors generally remain unchanged as … Read more
It is not uncommon to see many people today spending significantly beyond their means resulting in a huge debt load.. This attitude combined with the lack of knowledge about financial matters is the primary reason why most people these days end up in debt. For this reason we’ve seen a huge growth in the debt … Read more
Most of the time chapter 7 is the best case scenario, however there’s also chapter 13. Chapter 13 should be used when there’s a lot of equity in a house or some other kind of asset that a debtor is trying to protect. An example of this can often be seen when a person comes … Read more
One may consider debt a helping hand but only till you are able to handle it. More often it happens that which you believe to be a saviour turns into an evil which is very common with loans. When you take out a loan you find it a very noble but soon with time it … Read more