Legal Articles, Credit & Debt

Bankruptcy Looming for Hertz Rental Car

Hertz Rental Cars are facing filing bankruptcy. They are likely to file Chapter 11 bankruptcy which would allow them to continue to operate while reorganizing their debt. They could also file Chapter 7 bankruptcy in which case the company's assets would be liquidated and that could quite possibly put an end to Hertz and their #1 Car Rental slogan. It shall be interesting to see how this unfolds.

The Automatic Stay when Filing Bankruptcy

Find out whatever you need to know regarding the Automatic Stay and filing bankruptcy. A very powerful tool, the Automatic Stay stops creditors from collecting on debts once bankruptcy is filed.

What Can You Do After Filing Bankruptcy in Arizona

There is Life After filing bankruptcy. You can easily mess up your "Fresh Start" after filing for bankruptcy protection by going back into the same habits that landed you needing to file bankruptcy in the first place. Be mindful of things this time to avoid another financial setback. Consider talking to an experienced bankruptcy attorney in Phoenix to find out the best ways to navigate your "Fresh Start"

Bankruptcy and Credit Score

Bankruptcy does not destroy your credit. Credit will normally take an initial 100 to 150 point hit. However, if it is low enough, it might actually go up.

Your Tax return and Bankruptcy

It’s the most wonderful time of the year. Time for your tax return and to get back some of your hard earned money. The beginning of the year is usually the toughest time for a lot of people, the bills and credit card debt of Christmas still ringing fresh. Though the holidays are over, the majority of folks have overspent. The holidays are over, and most have overspent. People in an already bad financial situation have usually made their situation worse during the holidays. A lot of times it’s the holidays and the spending at Christmas that make people realize they should consider bankruptcy or some other form of debt relief.

Debt Crisis in America Due To The Corona Virus

As the pandemic Coronavirus (COVID-19) rips through America’s biggest cities, its effect is being thought far beyond the over 140,000 Americans who are confirmed infected. This means America is potentially facing a debt crisis due to this pandemic COVID-19.

New Record Unemployment Filings Could Spike Bankruptcy Numbers

Record Unemployment Rates could be a clear indicator of the dark financial days looming. 6.6. Million people filed for unemployment for the week ending 3/28/2020. These high numbers may lead to an influx of bankruptcy filings in the near future.

Tendering Money When Futile

A tender must be immediately available money but does not have to be made if futile.

Application of Payments: Nevada Supreme Court Clarifies How Payments are Applied.

The Nevada Supreme Court has recently clarified the law on how payments are applied.

So You've Been Sued in Michigan?

If you get sued by a debt collector in Michigan, learn how to protect your legal rights and understand the legal process

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