Unsecured debt

Dionysios, You mentioned in your second paragraph that Lori ought to merge all of her debts into one loan, this is a very good points based on the related advantages. Though, it is equally important to stress on the drawbacks of a debt consolidation loan. Based on Investopedia (2014) it is less arduous to get a secured consolidation loan than an unsecured one, which means that Lori may end up consolidating some unsecured loans into a bigger secured liability. In essence, Lori may be pledging her assets

(ii) Redgate The law of attribution allows Unwins to claim against Redgate through the identification principle. It means that the company will be liable for acts committed by the “directing mind” of the company . The case of Tesco Supermarket v Nattrass provided that this principle concerned directors, managing directors and if a person is the “embodiment of the company” . Since Harriet is the sole director and the only member of Redgate, this principle will apply as she is the embodiment of the

When people talk about filing for bankruptcy, it is usually a Chapter 7 case. However, a Chapter 13 filing offers an individual in financial distress a variety of advantages. In a Chapter 13, the debtor submits a repayment plan that sets forth how all your creditors will be paid. As long as you are making your monthly plan payments, you can keep ALL of your assets (even non-exempt assets). Your plan will pay your creditors, fully or partially, over a period of three to five years, interest free!

For many consumers in the world today the ability to pay back their unsecured credit is becoming difficult. Credit card debt is the largest unsecured loan that people hold at this time and trying to get these debts paid off is difficult. When interest rates rise on the balances very often the consumer is placed in a position that they can never get out from under the mounting stress of owning bills. It is at this time that many try to weigh their options to find a different way to resolve their revolving

When it comes to deciding what type of personal loan you need there is more to consider than just how much should be taken out and whether the repayments feasible. An equally important question is whether to take out a secured loan or an unsecured loan. Secured personal loans Secured personal loans require the borrower to provide a financial guarantee to aid the lender in the event of a default. This could be in the form of cash or could also be secured in other forms, such as a vehicle, equity

Bankruptcy cases are the intricate legal proceedings that relieve a debtor of his huge debts either by liquidating his non-exempt assets or reorganizing them. Of the two most commonly preferred chapters under the bankruptcy codes, one is chapter 7. A chapter 7 bankruptcy case starts as soon as the court appoints a trustee who takes over the entire non-exempt property of the concerned debtor. He liquidates the assets and pays off the creditors who are involved with the debtor. Opting for a chapter

programs to help borrowers who can not pay their debts get a second chance at life. Depending on your financial circumstances and the types of debt you have incurred, you may file for either a Chapter 7 or Chapter 13 bankruptcy, each of which provides a different set of advantages to struggling borrowers. Espy, Metcalf & Espy, PC At Law, a bankruptcy law firm based in Dothan, AL, would like to explain some of the key differences between these two popular debt relief programs. Chapter 7 Bankruptcy chapter-7-bankruptcy-AlabamaAlso

long for you to become an influential authority. Personal loans are mainly two types of unsecured personal loans and secured personal loans. Secured personal loans are provided with the collateral as a security. Unsecured debt consolidation loans are personal loans, and as the name implies, they are not secured. What that means is the loan has no collateral or physical items, backing it up. Online unsecured personal loan companies can give money to you for the loan you want. This can be proved with

When you're unable to pay your credit card debts and other unsecured accounts, catching up can seem impossible. The stress of living under the constant stress and threats of debt collectors can impact every aspect of your life, but Robert A. Schwartz can help. As an accomplished bankruptcy attorney, he has helped thousands of Rochester families find the debt relief solutions they need with reliable, responsive service that is centered around your needs. Depending the specifics of your situation

reasons you might need to get a personal loan from financing a wedding to consolidating your credit card debt. An unsecured loan can range from a few thousand dollars to over $50,000 to $60,000 depending on the reason for the loan. When you have good credit, you'll be able to obtain a loan in the amount you desire with the best interest rates. No Need for Collateral Applying for an unsecured loan means you don't need collateral, but it also means that you'll have to rely on your credit score to