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Bankruptcy - the Last Resort
Definition
Bankruptcy is a legally declared inability or impairment of
ability of an individual or organization to pay their creditors.
A declared state of bankruptcy can be requested by creditors in
an effort to recoup a portion of what...
Innovative "No Win...No Pay...No Risk" Attorney Lawsuit Loan Provides Law Firms Savvy Financial Options
Law firms work long and hard to achieve financial success. Today
however a team of professional financial consultants have
developed innovative tools to assist law firms achieve even
greater financial success via a unique program called...
National and Cultural Negotiation Style
Cultural and national negotiation styles reflect communication behaviors and the priorities of that culture. Priorities such as trust, teamwork, non-confrontational situations, and openness are all along a sliding scale with each culture. The...
Results of Poor Cross Cultural Awareness
Having a poor understanding of the influence of cross cultural differences in areas such as management, PR, advertising and negotiations can eventually lead to blunders that can have damaging consequences.
It is crucial for today’s business...
The Benefits of A Real Estate Agent 101
Buying and selling property is not as easy as you may think. There are many things that you have to consider when purchasing a home, or when putting a home up for sale. That is why there are real estate professionals out there armed with the skills...
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How To Avoid Bankruptcy & Get Out Of Debt Faster Using Debt Negotiation!
Has credit card debt got you thinking about bankruptcy?
You're not the only one these days. Even with the new bankruptcy
laws, credit card debt continues to climb. Unfortunately for
most of us, our paychecks don't climb as quickly.
If you're on the verge of bankruptcy, you may have another
alternative.
Debt negotiation is a process where you negotiate with your
creditors to pay off your debts at a reduced amount - for
example, if you owe $12,000, you can negotiation a payoff of
$5,000. The benefit for the creditor is that they get more money
than they may have through bankruptcy, and they get the money
sooner. The benefit for you is obvious - you get out of debt
faster, and save lots of money in interest.
Where do you get the money to pay off the debt?
Take the money you would have normally used to pay your credit
card bills, put it aside, and when you accumulate enough to pay
off the debt, send in the reduced amount you agreed to.
If this sounds confusing, that's ok. It's really not.
There are many professional companies that will do all the work
for you, and charge you a percentage of the savings.
I can speak from experience (I built up a lot of debt trying to
start a sporting goods business, which didn't quite work out)
that even with the fees, this is a good deal - plus you save a
lot money by not having to pay the high interest rates on your
credit card bills.
Sure, it is a more aggressive approach to getting out of debt
than making minimum payments, using credit counseling, getting a
debt consolidation loan, or borrowing from a friend or relative.
But in the end, you'll get out of
debt faster...
And avoid bankruptcy!
If you've never heard of debt negotiation (also called debt
settlement), that's ok too, not many people have. I didn't until
I began to seriously consider bankruptcy.
One reason many people are hesitant to consider debt negotiation
is that it goes on your credit report. Sorry to tell you, but
having lots of debt (even if you pay on time), making payments
late, even credit counseling - all go on your credit report and
can negatively effect your credit. And (of course) bankruptcy is
a big negative!
In my case, getting out of debt, removing all the financial
stress, and being able to live a normal life were well worth it.
With so much debt, having good credit was meaningless anyway.
Plus, I was able to get all but one of the negative items off my
credit report (that's a topic for another discussion), and my
credit is now back to normal. In fact, I now get more credit
card offers than I can handle - and fortunately, I can now throw
them all in the trash! When money is tight, and debt is high,
there aren't many simple answers.
But if you are already considering bankruptcy, then debt
negotiation might be the right alternative to help you get out
of debt faster!
About the author:
Kris Bickell is the owner of Debt-Tips.com, a helpful site for
consumers struggling with credit card debt. For tips on getting
out of debt, repairing your credit, saving money, and making
extra money online, sign up for the free "5 Simple Steps To
Getting Out Of Debt Faster, Fixing Your Credit Problems, &
Saving Lots Of Money!" email course at:
http://www.Debt-Tips.com/. © 2005 Debt-Tips.com
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| Negotiation - Wikipedia, the free encyclopedia |
| The first step in negotiation is to determine whether the situation is in fact a negotiation ... The book's approach, referred to as Principled Negotiation, ... |
| en.wikipedia.org |
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| Program on Negotiation at Harvard Law School |
| Negotiation training, research, and publications from the world's foremost authority on negotiation and dispute resolution. |
| www.pon.harvard.edu |
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| PON: Harvard Negotiations Project |
| Please visit the Harvard Negotiation Project website for complete information and ... The Harvard Negotiation Project's mission is to improve the theory, ... |
| www.pon.harvard.edu |
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| The Negotiation Skills Company, Inc. |
| www.negotiationskills.com/ - 3k - Cached - Similar pages |
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| Global Trade Negotiations Home Page |
| The Global Trade Negotiations Home Page at the Center for International Development at Harvard University - a centralized information resource on global ... |
| www.cid.harvard.edu |
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| Principled Negotiation |
| Principled negotiation is the name given to the interest-based approach to negotiation set out in the best-known conflict resolution book, Getting to Yes, ... |
| www.colorado.edu |
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| Salary Negotiation and Job Offer Tutorial |
| Job-seekers: Learn the basics (and advanced techniques) of the art and strategy of salary negotiation (getting the salary you want) in this tutorial. |
| www.quintcareers.com |
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| Salary Negotiation and Job Offer Tutorial -- Map of the Tutorial |
| Site map to an expert (and free) tutorial on the art and strategy of salary and job offer negotiation. A guide to assist every job-seeker with salaries. |
| www.quintcareers.com |
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| Win-Win Negotiation - How to reach a fair compromise - Negotiating ... |
| This article and free worksheet help you negotiate fair compromises with people whose goodwill you need. It highlights the importance of good negotiation ... |
| www.mindtools.com |
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| negotiation journal |
| www.springerlink.com/link.asp?id=102591 - Similar pages |
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| Apache Content Negotiation |
| Apache's support for content negotiation has been updated to meet the ... Apache 1.2 supports 'server driven' content negotiation, as defined in the ... |
| httpd.apache.org |
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| JobStar--Salary Negotiation Strategies |
| JobStar is a public library sponsored guide to information for the job search. Sections useful for California are: 1500 job hotlines, calendar of job and ... |
| jobstar.org |
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| Eric C. Gould's Negotiation Site |
| Subscribe to newsletter with negotiating tips and techniques. |
| www.batna.com |
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| free negotiation training for sales, debt, contract, salary ... |
| Free negotiation skills training for sales, contracts, debt, salary and contracts, negotiating with creditors, negotiation skills and techniques, ... |
| www.businessballs.com |
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| Monster.com: The Negotiation Coach |
| Salary Negotiation Advice from HR Managers · Negotiating Your Future Salary Today · Overlooking Their Interests -- A Big Mistake in Salary Negotiations ... |
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| Negotiation Articles |
| Negotiation articles for the busy entrepreneur written by a diverse group of experts, speakers, professionals, consultants, and marketing companies. |
| www.pertinent.com |
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| CareerJournal | Negotiating Tips - Salary Negotiation Tips ... |
| Salary Negotiation Tips - When it's time to negotiate salary changes, trust Career Journal to give you the best and most current career salary information. |
| www.careerjournal.com |
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| PON Clearinghouse |
| Welcome to the Program on Negotiation Clearinghouse, a resource center for people interested in learning and teaching about negotiation and alternative ... |
| www.pon.org |
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| :: Negotiations Affairs Department :: |
| Information on the issues, history, developments and positions regarding Palestinian-Israeli peace negotiations. |
| www.nad-plo.org |
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