One of the most common complaints about bankruptcy law is that student loans are specifically excluded from the list of debts that can be discharged.
If business is no longer booming, it may be time to consider bankruptcy -- but first you need to take some time to consider your options.
Are you struggling with insurmountable debt but are worried you will lose everything if you decide to file for bankruptcy? Don't let your fears stop you from getting the fresh financial start you desperately need - especially since you may be able to keep much of your property following the bankruptcy process.
With the New Year quickly approaching, it is a good time to start thinking about possible New Year's resolutions. However, while many people pick resolutions aimed at improving their physical health - going to the gym, eating better, etc. - you may want to consider a resolution that will improve your financial health instead - such as eliminating your credit card debt.
One method small business owners sometimes use for injecting capital into their business is taking out a small business loan. In some instances, a small business runs into trouble paying back such loans. Recent statistics indicate that, over the past several months, it has been becoming increasingly common for American small businesses to fall into delinquency on loans.