Debt

It was hard for farmers at the time. The Great Depression in the United States began for American farmers after World War I, despite the fact that the majority of the country had been relatively prosperous during the 1920s. The American farmer spent much of the Roaring ’20s in a debt cycle caused by plummeting […]

Spain colonized Puerto Rico beginning with the arrival of Christopher Columbus in 1493. Puerto Rico was given to the United States after the end of the Spanish–American War in 1898. The United States then refused to pay the colony’s creditors, claiming that they were owed odious debts by the United States. The people of Puerto

If you’re like the majority of Canadians, your estate will be burdened by debt. There is a good chance that you’ll be left with credit card debt after your death. No matter how diligent you are about paying down your credit card debt, there may still be an amount due if you have charged products

If you have a debt relief order (DRO) or have had one in the past, your credit rating will be affected. This could make it more difficult for you in the future to receive credit. To understand how a DRO may effect your credit rating, please read this page. How long does a debt relief

As a result, you may be wondering which of your debts are exempt from bankruptcy and hence do not require repayment. A bankruptcy discharges almost all of a person’s so-called “unsecured” debts, which is the most straightforward explanation. In this category, you’ll find any kind of credit card or line of credit, as well as

Yes! If you’ve worked out a payment plan with the CRA, and if you’ve filed your taxes on time, the CRA is unlikely to report you to the credit bureaus if you owe a little amount. However, owing a big sum of money to the CRA might have a negative impact on your credit rating

If you declare for bankruptcy at least seven years after you stopped being a full or part-time student, you are discharged from your duty to repay your student loans. Note: Federal or provincial student loan regulation affects how you determine when you stopped being a full- or part-time student.) As long as you’ve been out

The bogus sight drafts/bills of exchange drawn on the treasury scam is a version of this narrative. The most popular story in this hoax is that the federal government fell bankrupt after the United States withdrew off the gold standard in 1933. Federal Reserve Bank assistance allowed government to form an LLC and convert citizens’

Before you put your house on the market, pay off your debts. Prior to attempting to sell your business, you may need to lower your debts. When selling assets, make sure there are no liens on the equipment you’re selling and that you’re not paying any personal loans through the company. They will not want

When you sell your debt to a collection agency, the lender no longer has control over how your debt is collected. Collection agencies are businesses that specialize in collecting debts owed by people or companies. As a result, if lenders or credit card companies can’t get their hands on your outstanding debts, they often hire