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Business owners have to do what they can to protect their company. One of the ways they can do this is to establish employment contracts for the higher-ranked employees in the company. These are also necessary for anyone who has a fiduciary duty, as well as others....

You can group your personal debts into two categories. Your unsecured debts include your credit cards and all the money you owe businesses or service providers. An outstanding hospital invoice would be an unsecured debt. There is no property helping to protect the...

You filed for bankruptcy because you really had no means to pay back what you owed. You were out of work, and you didn’t see any way to pay back your debt without struggling for many months or years. Then, seemingly out of the blue, you received a call that you were...

While filing for bankruptcy means that you are in a difficult financial situation, there is a lot of misinformation surrounding the entire process. As a result, many people are hesitant to file for bankruptcy even when it is in their best interests since they are not...

When you decide to file for bankruptcy, it means that you cannot service your current debts. As a result, it may be challenging to secure credit due to your low credit rating. You will need to rebuild your credit score on the road to financial recovery. The earlier...

When you're discussing different types of bankruptcy, people often refer to Chapter 7 bankruptcy as a liquidation plan. Conversely, they refer to Chapter 13 bankruptcy as a wage earner’s plan. The names do tell you a lot about how these processes are going to work,...

Most people have never heard of “involuntary bankruptcy” until it happens to them. Unlike the more common voluntary bankruptcy, where a person or business is seeking to discharge or restructure their debts, involuntary bankruptcy is initiated by creditors. That...

Realizing that you don’t have control of your finances is a scary thought. You’ll have to try to find a way to get the creditors taken care of or you face years of collection attempts. It’s imperative that you consider all your options so you can enjoy a fresh...

A lease agreement is a legally binding document that outlines the rental terms for a commercial or residential property. It is signed between a landlord (the lessor) and the renter known as the tenant (or lessee).  Creating a thorough and effective lease is very...

Maybe you filed for bankruptcy years ago after you let your credit card debt get out of hand. You learned your lesson and swore you’d never let yourself get in that much financial trouble again. However, the last couple of years have been uniquely tough. Maybe your...