Here is the synopsis of our sample research paper on FINANCIAL DIFFICULTIES - AND ADVICE. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3-page paper focuses on advice one person would give to another to get out of financial problems. Personal bankruptcy (chapter 7 and chapter 13) are discussed, as are consolidated debt counseling services. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: D0_MTfinadiff.rtf
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Unformatted sample text from the term paper:
economy, is creating more people who are running into problems with money flow and savings. In this scenario, a friend has approached
us with her severe financial misfortune. She is asking for advice, wondering how she can clean up her credit and try to get a foundation under her. There are a
few options we can recommend. The main one, of course, is bankruptcy. Bankruptcy is a discharge of debt that can help a
person if his/her situation has gone downhill because of illness, unemployment or other life changes. Most individuals file either Chapter 7 or Chapter 13 bankruptcy (Personal Bankruptcy: Is it Right
for You? 2007). If a debtor files Chapter 7, he/she is asking the court for a discharge from personal liability from specific debts (Personal Bankruptcy: Is it Right for You?
2007). This also prevents creditors from taking action against the debtor to collect the debts (Personal Bankruptcy: Is it Right for You? 2007). However, valuable assets (such as homes or
jewelry) might need to be sold, with the proceeds available to pay creditors (Personal Bankruptcy: Is it Right for You? 2007). This is also known as a "straight liquidation" debt
(Personal Bankruptcy: Is it Right for You? 2007). Chapter 13 (sometimes called a "wage-earner plan," on the other hand, is more for
reorganization - in this scenario, debtors can keep their property (Personal Bankruptcy: Is it Right for You? 2007). In return, they file a plan to repay the debt, in full
or in part, out of their disposable income over a period of a maximum of five years (Personal Bankruptcy: Is it Right for You? 2007).
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