Debt

Is it possible to boost shareholder wealth by altering capital structure? The first question to answer is what capital structure entails. A company’s capital structure refers to the combination of stock and debt financing it employs to finance its assets. Some businesses may be entirely funded by equity and have no debt, while others may […]

Unsecured obligations, such as credit card debt, medical expenses, and unsecured personal loans, are often discharged in a Chapter 7 bankruptcy. At the conclusion of the process, which usually takes four to six months, the court will discharge these debts. Some unsecured obligations aren’t routinely discharged in a Chapter 7 bankruptcy, including: Your creditor may

In the United Kingdom, debt is not inherited, therefore relatives, friends, or anyone else cannot be held liable for the obligations of the deceased. If you had a joint loan or arrangement with the deceased individual, or if you offered a loan guarantee, you are only accountable for their debts. In other words, you are

Losing a loved one is a particularly tough experience. While money is likely the last thing on your mind as you grieve, it’s critical to understand how the assets and obligations left behind will affect you and others. The majority of the time, a person’s debt is not passed on to their spouse or family

Many of our clients are interested in forming a Limited Liability Company (LLC) “LLC”) as the name of their company. Many lawyers and accountants advise Illinois small business owners to form an LLC because it provides them with the restricted liability of a corporation while also providing them with the tax benefits of a partnership’s

Any debt with security, such as a home loan or a car loan, is referred to as a secured debt. It means that if you can’t afford to pay, the creditor is “secured” in getting their money back because the property can be seized. Any debt that is not secured by collateral is referred to

Credit cards, student loans, auto loans, home equity lines of credit (HELOCs), and mortgages are some of the most frequent types of debt in the United States. Though each has an influence on Americans of all ages, certain age groups are more impacted than others, therefore we’ll look at debt across age groups as well

Investing in an Operating Lease Operating leases, on the other hand, do not need to be recognized as a liability on the balance sheet because they are not considered debt. Depreciation is not recorded for assets acquired through operating leases. Why are operating leases considered debt? Off-balance-sheet financing is referred to as operating leases. This

Partners are personally liable for the partnership’s business obligations. This means that if the partnership is unable to pay its creditors or the business collapses, the partners are personally liable for the debts, and creditors may pursue personal assets like as bank accounts, cars, and even homes. If the partnership dissolves and there are still

Payday loans include high interest rates and no collateral requirements, making them a sort of unsecured personal loan. Because these loans have exceptionally high interest rates, don’t assess a borrower’s ability to repay, and include concealed terms that charge borrowers additional fees, they may be deemed predatory lending. Is a payday loan secured or unsecured