Monthly Archives: April 2024
Repaying PPPs, EIDLs, and Other Alphabet Soup Loans
Some people have compared 2020, the lockdown year, to 1930, the first full year of the Great Depression. Some similarities exist. A sudden, unexpected event (coronavirus and the Stock Market crash) caused both economic downturns. However, statistically speaking, 2020 was a lot worse than 1930. So, the government offered loan programs to help businesses… Read More »
FAQs About Debt Settlement Negotiation
When debts become overwhelming, a situation that’s increasingly common, bankruptcy is, far and away, the best solution. Debt settlement negotiation is usually the next best thing. Non-bankruptcy debt negotiation cannot stop creditor harassment or protect your assets. But it can help debtors get a fresh start, which is the underlying purpose of a bankruptcy… Read More »
Is an IRS Installment Agreement Better than Bankruptcy?
No, but it’s the next best thing. An IRS long-term repayment plan is usually a good option for people who don’t qualify for bankruptcy or cannot overcome severe bankruptcy-phobia. Bankruptcy qualification usually isn’t a problem. If people don’t qualify for tax debt discharge, which is likely, they usually qualify for Chapter 13 repayment plan… Read More »
Bankruptcy vs. Non-Bankruptcy Debt Negotiation
Consumer debt has reached the point that, among many people, financial stress causes symptoms that resemble Post Traumatic Stress Disorder symptoms, such as depression, trouble sleeping, and anger. These symptoms make it difficult to function at work. That affects earning power, which increases financial stress, which increases PTSD symptoms, and the downward cycle continues…. Read More »
