Filing A Petition For The Declaration Of Bankruptcy In The Us

Bankruptcy is a legal proceeding involving a person or business that is unable to repay outstanding debts.  It begins by the filing of a petition by either the debtor or the creditors.  Then, the assets of the person or entity is calculated and a portion of that is given to the creditors according to the order set by law.  When the debtor is declared bankrupt, he will be released from his obligations.  This gives the debtor a fresh start and also gives the creditor the chance Read more [...]

A Complete Primer On Personal Installment Loans

Private parties can obtain personal installment loans and pay them back over a set period. Their monthly payment consists of both principal and interest. The product may be either unsecured or secured. An unsecured product does not require collateral. A secured product does require collateral. Collateral might be a home or a vehicle, among other things. Read more [...]