Debt RR

DECEMBER 13, 2019

These unsecured debts come in the form of payments for goods and services already received, royalties, commissions, or salaries. When a business starts skipping payments for these basic operational debts, it’s a major red flag that it’s in financial trouble. It’s a last-ditch effort to avoid a Chapter 7 liquidation bankruptcy.

Chapter 7 bankruptcy 42

Chapter 7 bankruptcy Bankruptcy Creditors Retail 42

Debt RR

JANUARY 24, 2020

Though more uncommon than equipment leases and unsecured debt, some businesses are able to acquire secured credit options. As with equipment leases, secured debt may be reduced by surrendering the security deposit or collateral. This can include things like inventory financing debt, as well.

Unsecured Debt 40

Unsecured Debt Creditors Chapter 7 bankruptcy Secured debt 40

Debt RR

AUGUST 3, 2020

While there might be property debt situations that warrant garnishment, it’s more often used for unsecured debt, or debt that isn’t backed by any collateral. Though the IRS can initiate the garnishment process without court approval, other creditors and debt collectors have different requirements depending on the state.

Garnishment 40

Garnishment Banks Student loans Student Loans 40