Arbitrage Blog

Selling Assets Before Bankruptcy: Don’t Risk Further Problems Before Filing for Personal Bankruptcy

Everyone wants to protect and save their personal and real property from loss during a bankruptcy. Filing a Chapter 13 bankruptcy petition typically does not prohibit someone from selling or buying assets prior to the action since liquidation is not a required component. A Chapter 7 bankruptcy, however, requires that the petitioner’s assets be liquidated […]

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Advantages and Disadvantages of an IVA: Individual Voluntary Arrangements May Not Be Right for Everyone

An IVA is a legal contract, supervised by a Licensed Insolvency Practitioner, the purpose of which is to allow debtors to reach an agreement with their creditors in order to avoid bankruptcy. In order for an IVA to be viable there are a number of conditions that must be met: A minimum of £15,000 unsecured […]

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How Families Can Switch Banks: Easy Steps for Switching Bank Accounts

Family finances are not static matters. Interest rates, fees and charges fluctuate all the time. Access to savings and funds vary too. Families who find themselves earning low interest rates, charged with high fees, and are generally unsatisfied with the services provided always have the right to switch banks. Switching banks can be quite a […]

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Debt Settlement vs. Debt Consolidation: Is Debt Consolidation for Bad Credit the Right Option?

The debt settlement vs debt consolidation decision-making process can present something of a challenge. However, choosing the correct method for settling credit card debt, small loans or medical bills is not nearly as complicated as it may initially seem. Debt Settlement Vs Debt Consolidation Those who wish to consolidate debt with a loan will be […]

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Repair Credit Ratings and Credit History: Ways to Repair Credit Scores Before Applying for Credit

It is always important to repair credit ratings before applying for credit. Failing to do so means that the majority of lenders will simply reject the application or charge a far higher rate of interest. Most consumers with an adverse repayment history will only be eligible for no credit check lending products, such as pawn […]

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Understanding Debt: What are Good and Bad Debts?

The word “debt” scares most people off. Yet, not all debts are bad. In fact, sometimes it makes financial sense to be in debt. Confused? Here is a general guide about good debts and bad debts. Really Bad Debts In general, bad debts come with high interest rates, are easy to get and encourages unnecessary […]

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Who Stands to Benefit from a Debt Relief Order? Write-Off Debt with the Government’s Latest Debt Solution

A report produced in February 2015 by the Citizens Advice Bureau showed that clients had personal debts of £16,971 in 2015, two-thirds higher than in 2007. Whilst serious debts are often dealt with by going bankrupt or pursuing an Individual Voluntary Arrangement (IVA), there weren’t many debt solutions available for more modest financial difficulties. This […]

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Reasons Why Some Cannot Avoid Bankruptcy

For most people, the decision to file for bankruptcy can be a difficult one and it is generally recommended for them to avoid it as long as there are other options available. However, there are some financial situations where it is the only credit solution possible. Even as some people are very responsible with paying […]

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Finding a Legitimate Debt Management Program: How to Avoid Losing Money on a Credit Consolidation Program Scheme

With thousands of internet and TV advertisements for debt management programs, it is hard to know which company to chose for credit consolidation. Choosing the wrong debt management company may end up seriously harming credit scores or sinking one even further into debt. What avenues can be used to determine the best company for credit […]

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