This post is the fourth in a series on debt, bankruptcy, debt consolidation, and more. If you haven’t read parts 1-3 yet, I recommend you do before continuing. Bankruptcy (continued) We’ve established that bankruptcy and failure are in no way synonymous. So, how does it work? How can bankruptcy be used to get on the…
This post is the third in a series on debt, bankruptcy, debt consolidation, and more. If you haven’t read parts 1 and 2 yet, I recommend you do before continuing. History of debt (continued) Fortunately, the days when Americans could be imprisoned for failure to pay private debts is long gone. That’s good, since the…
This post is the second in a series on debt, bankruptcy, debt consolidation, and more. If you haven’t read part 1 yet, I recommend you do before continuing. History of debt (continued) It was common for those who ran the debtor’s prisons to charge their prisoners for room and board, adding to the debt they…
We’ve been getting into debt for thousands of years Humans have a long and complicated history with debt. It’s only recently that bankruptcy has become a widely available option. Did you know that credit and debt actually predate money itself? In his book Debt: The First 5000 Years, David Grabel takes a deep dive into…
This post is the third of a 3 post series on Alternative Dispute Resolution. If you haven’t already read parts 1 and 2, I recommend doing so before continuing. Other Online Business Dispute Resolution Programs The APEC online business dispute resolution program, while innovative, is not unique. Several other online business dispute resolution programs are…
This post is the second of a 3 post series on Alternative Dispute Resolution. If you haven’t already read part 1, I recommend doing so before continuing. Future of Alternative Dispute Resolution (continued) According to data submitted by the US to the APEC forum, 2017 will see 942 million e-commerce business disputes. (1) According to…
What is Alternative Dispute Resolution? Alternative Dispute Resolution, or ADR, is a set of practices designed to resolve disputes between individuals as well as businesses without the need for litigation. Since it avoids the courtroom, ADR tends to be faster and cheaper than litigation, and also offers the benefit of confidentiality. There are numerous types…
Before you file for bankruptcy or foreclosure, consider a debtor and creditor workout. A debtor and creditor workout, or non-bankruptcy workout, is an agreement negotiated between you and your creditors on how to settle your debts without bankruptcy. This type of debt modification allows debtors to restructure part or all of their debt, while avoiding the…
Personal injury lawsuits are one of the most common types of lawsuits in the American court system. There are many different types of injury claims. They may result from car accidents, slip and fall incidents, dog bites, defective or dangerous consumer products, medical malpractice incidents, or other types of injuries. The foundational aspect of personal injury…
The Advantages of Bankruptcy When people discuss bankruptcy, it’s almost always with a negative connotation. They see it as a failure, as something to lament. But what about its advantages? When handled properly, it can be the first step along the path to financial success. Wouldn’t the greater failure be to not declare bankruptcy, and…
This post is the second in a two part series on debtor and creditor workouts. If you haven’t already read part 1, I reccomend you do so before continuing. Disadvantages of a debtor and creditor workout (cont.) There are certainly situations where an individual or business is too far underwater to expect a workout to…
What is a debtor and creditor workout and when is it a good alternative to bankruptcy? What is a debtor and creditor workout? A debtor and creditor workout is a written agreement modifying the terms of repayment on a debt. Also called non-bankruptcy workouts, a debtor and creditor workout can provide debt relief in two…
