Have you weighed your options regarding bankruptcy or debt consolidation? If you have
Jeremy Lin Jersey , they you may possess a number of questions regarding which process would be the best one for you to engage in. Ultimately, the way you answer these very important questions will determine whether or nor bankruptcy is the better option or if going the consolidation route is really what you need to be after.
The first question to ask is “Am I able to commit to the time and expense required for legal proceedings?” Yes, bankruptcy is a legal process that must be presided over by a judge. Many debtors lose sight of this fact and it is to their detriment. You cannot simply declare yourself bankrupt and be out of a financial jam. There is a long, complex, and possibly expensive legal process to follow.
Here is a question that many positively must ask: “Am I able to deal with the not repairable damage to my credit that bankruptcy will yield?” When you file for bankruptcy, your credit score will reflect this for an entire decade. That will destroy your ability procure financing during such a time period. While your credit will be lowered in the aftermath of a consolidation if debt settlement is part of the deal, the damage can be fixed by simply being a better payer and borrower. Bankruptcy cannot be wiped away so easily.
Finally, you need to ask “Do I have any assets?” If you do have assets and some liquidity, you would probably be better served looking towards consoldiation options. Why file bankruptcy when you can circumvent the filing in a much more amicable manner?
Answering these questions will go a long way towards making the right decision. As such, they should not be taken lightly.
NOTE: By researching and comparing the best debt consolidation services in the market, you will determine the one that meets your very specific financial situation.
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TIANJIN, Aug. 23 (Xinhua) -- Following are the results of the women's under-18 basketball event at the 13th Chinese National Games here on Wednesday:
Group A
PLA beat Shanghai, 84-49
Shandong bt Tianjin, 81-70
Group B
Guangdong bt Henan, 72-50
Sichuan bt Jiangsu, 75-66
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RIO DE JANEIRO, Sept. 16 (Xinhua) -- China defeated Poland to claim gold in the wheelchair fencing men's foil team event at the Rio Paralympics on Friday.
Ye Ruyi, Sun Gang and Hu Daoliang beat Michal Nalewajek, Dariusz Pender and Jacek Gaworski 45-27 in the final at Carioca 3 Arena.
In the bronze medal match, France overcame Hong Kong, China, 45-43.
HANGZHOU, Oct. 25 (Xinhua) -- A famous Chinese entrepreneur, founder and board chairman of Wanxiang Group, Lu Guanqiu, died Wednesday at the age of 72.
Lu was the first group of private entrepreneurs emerged after reform and opening-up.
In July, 1969, Lu and other six farmers, with 4,000 yuan (about 600 U.S.dollars), established an agricultural machinery plant. The plant now has become a transnational corporation with operational revenue over one hundred billion yuan and businesses covering manufacturing, energy, finance, agriculture and resources.
Lu's Wanxiang Group made many firsts among China's private enterprises. In 1984, Wanxiang became the first Chinese township company to sell automobile parts to the American market. In 1994, "Wanxiang Qianchao" went public in Shenzhen, becoming the first public listed township company in China. In 2001, Wanxiang purchased Universal Automotive Industries Inc, becoming the first Chinese township company to purchase an overseas listed company.
Lu Guanqiu was the pathfinder for China's private economy, said Yang Yiqing, a researcher on businessmen in Zhejiang.
BEIJING, Oct. 24 (Xinhua) -- The Communist Party of China (CPC) has included Xi Jinping's military thinking and the Party's "absolute" leadership over the armed forces into its Constitution, according to a resolution approved by the 19th CPC National Congress on Tuesday.
According to the resolution, the CPC shall uphold its absolute leadership over the People's Liberation Army (PLA) and other people's armed forces and implement Xi Jinping's thinking on strengthening the military, as part of the amendments to the CPC's fundamental document for its over 89 million members.
The development of the PLA shall be strengthened by enhancing its political loyalty, strengthening it through reform and technology, and running it in accordance with the law, the resolution read.
The CPC shall build people's forces that obey the Party's command, can fight and win, and maintain excellent conduct to ensure that the PLA accomplishes its missions and tasks in the new era, it said.
The inclusion of these statements into the Party Constitution will "help ensure the Party's absolute leadership over the people's armed forces, [and] modernize national defense and the military," it said.
In addition, the amendment to the CPC Constitution also clarified that Chairperson of the Central Military Commission (CMC) assumes overall responsibility over the work of the Commission and that the CMC is responsible for Party work and political w.
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