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Finding A Great Advisor
Finding an advisor with good small business ideas has never been easy. Small business consulting to help you with your small business can make a big difference. Advisors can help your small business with marketing, export and a whole host of...
First Time Buyer's guide
Buying your first home can be a difficult time, especially in these days of high house prices, and low job security. But don't despair, www.mortgagedown.com have prepared a few top tips to make the process as painless as possible for you! * Get an...
Innovative Form of Business Debt Management Saves Thousands
As any business owner knows, being sued can be a stressful,
time- consuming, and expensive experience. In fact, it can be
absolutely devastating for a business, leading to financial ruin
and even bankruptcy.
Add to that the public's...
Q: As a result of my divorce, I'm left with more debt than I can handle. Is there an alternative to bankruptcy?
One of the often-unintended consequences of divorce is the burdensome debt that was formerly handled by two, now to be handled by one. Creditors hold both spouses liable for debt incurred during the marriage. Any agreement between the spouses...
Selling for Beginners
Selling for Beginners by Ben Botes By: Ben Botes, Copyright 2003 - 2004 www.My1stBusiness.com Speak to almost any self employed professional and most of them will say that they love their job but don't care much for selling their...
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Overwhelming Debt? Bankruptcy May Be Your Way Out, But Maybe Not
Things are bad, really bad. They have to be for you to be considering bankruptcy. It's true that bankruptcy can wipe away your debts, or most of them anyway. Taxes are exempt from bankruptcy protection. You can declare bankruptcy, but if a substantial portion of your outstanding debt is back taxes, interest and penalties, you are not going to escape. If, however, most of your debt is credit card debt, mortgage, car loans and other consumer or business debt, there is a chance you may successfully escape most or all of your financial obligations.
Even so, is bankruptcy the best alternative for you? If you do declare bankruptcy, which type of bankruptcy should you consider? How will the new federal bankruptcy reform statute that goes into effect on October 17, 2005 affect you. In most cases you should be seeking qualified legal counsel for the answers to these questions. The devil, as they say, is in the details. You don't want to make a small mistake when declaring bankruptcy, only to lose some of the protection to which you are entitled. You only want to do this once. It will for follow you around for 10 years in the case of a Chapter 7 bankruptcy. Make sure your attorney is a bankruptcy specialist. Just using your uncle Joe who happens to be a lawyer may be a big mistake.
There are two types of bankruptcy for private individuals, chapter 7 and chapter 13. With Chapter 7 you can generally escape from all debt with a few exceptions such as state and federal taxes. You can keep certain exempt property as well. There is a federal exemption list Most states have an exemption list too. Most states require you use the state list but some allow you to choose from either the state or federal list. Property not on the list is sold to satisfy pay creditors.
Chapter 13 bankruptcy will require renegotiation and repayment of your debts. You will first file a petition for bankruptcy with the court and a trustee will be appointed. If your income exceeds your expenses, you will usually be required by the court to use the Chapter 13 option.
You will want to examine which alternative is the correct one for you. In fact, there are other alternatives to serious debt problems besides bankruptcy. One of these is a debt consolidation loan. Debt
consolidation loans are growing in popularity due to many factors including the rise in homeowner's equity, record low interest rates, and a dramatic increase in the level of consumer debt. This option can be much more attractive than bankruptcy. If you can keep from declaring bankruptcy, you will not have the social stigma and long term credit issues to deal with. There are literally hundreds of debt consolidation options available from many different lenders.
A debt consolidation loan is basically just a home equity loan used to pay off your higher interest debts. Because the loan is secured by real estate or some other valuable collateral, you get a substantially lower interest rate than can be had for most unsecured debts, such as credit cards. This contributes to a lower payment. In addition the term of the loan is usually longer than a credit card, contributing further to lowering the monthly payment. The decrease in monthly outflow can be just what the doctor ordered and can prevent bankruptcy. Be advised however, if the conditions that caused your monthly payments to rise are not corrected, you risk ending up facing bad credit problems again.
There are downsides to debt consolidation loans as well. First, you could lose your home. Also, you use up the equity in your home so you won't have to bail you out a second time.
Another alternative to bankruptcy is credit counseling. With this option, a credit counseling firm works with you and your creditors to arrange lower payments, make your debts current (called re-aging), and even possibly forgo a portion of your debt. This is an attractive option for many. It is being mandated by the new federal bankruptcy legislation as a step before bankruptcy in many occasions.
You may have to declare bankruptcy. It may even be the best course of action for you. However, bankruptcy may not be the best way to go and there are other alternatives. Do careful research on bankruptcy and the alternatives and evaluate your personal situation carefully before you make your decision. About the Author
Steve writes about a multitude of business and finance topics. For important information that could save you thousands of dollars and more, see The Debt and Loan Consolidation Guide.
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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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Negotiation Seminars Negotiation Training Negotiations Consultants ... |
Negotiation and alternative dispute resolution seminars, negotiation training and video presentations with available keynote speakers. |
www.negotiation.com |
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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 ... |
midcareer.monster.com |
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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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