Money Questions and Answers

A Brief Overview of Chapter 11 Reorganization Bankruptcy

Bankruptcy is an ever present specter for businesses large and small, and though it can happen unexpectedly or over a long, drawn out process where the business just can’t manage its debts, it’s not the end of the world. A business has the option to file for Chapter 11 reorganization bankruptcy.

Naturally, if it’s your business that you have started and grown from small through medium to large, it can be quite a blow when you find that there are problems with the business’ finances. When you reach the stage where you have financial difficulties that you can’t sort out yourself, then you need to look at options for moving forward as soon as you can.

As a business, therefore, you have the option to file for Chapter 11 bankruptcy, but you need to know what is involved and the implications of doing so. You can also file for Chapter 11 as an individual sole trader or as a partnership if the circumstances permit.

Grow Your Business With A Fixed Rate Loan Up To $300,000 From Lending Club. Approval Takes Just A Few Minutes With No Obligation!

An Overview of Chapter 11 Reorganization

How to Start

A Chapter 11 bankruptcy case starts when a petition is filed in the bankruptcy court and is usually voluntary. As the debtor, you will generally take the initiative for the filing.

Though a group of your creditors can get together and file what is known as an involuntary Chapter 11 petition. This would be against a defaulting debtor.

What Are FANG Stocks and Why You May Not Want to Invest in Them!

by Hank Coleman

FANG Stocks - What Are They and Why You Do Not Want to Invest in Them

There is a new acronym floating around Wall Street and investing circles. FANG stocks – Facebook, Amazon, Netflix, or Google. Of course, Google recently changed its name to Alphabet, but FANA doesn’t have the same bite as FANG. Recently, Apple was also added, causing the acronym to be rewritten as FAANG in many instances. But, what are FANG stocks? And, more importantly, should you invest in them. I’m here to tell you that you should stay away from buying these four stocks individually. You probably already own them and don’t even realize it. What Are FANG Stocks? When FANG stocks first came onto the scene, many investors were excited about these new companies with the potential for rapid growth. FANG … Read more

Things to Look For in a Toronto Mortgage Lender

by Guest Contributor

Finding a home that you want to buy is a long and drawn out process that has obvious rewards. A vital part of getting the price on the home that you want is finding the best mortgage lender in your area to deal with.

Generally, you will have a variety of different lenders to choose from, so you will need to put a lot of thought in to this decision. You need to sit down and figure out what you need from a mortgage lender and then go out and find a company that fits the criteria.

The following are a few of things that you need to look for when trying to choose the right mortgage lender.

What to Look For in a Mortgage Lender

Level of Experience

One of the first things that you need to look for in a mortgage lender is experience in the industry. You want to use a company who will tailor make the mortgage that you use instead of using a one size fits all type of program.

How Is Courier Insurance Important?

by Guest Contributor

Liability is something that cannot be afforded when it comes to courier delivery. Thus in the courier business, an important step of purchasing courier insurance must be taken to ensure that the goods transaction is risk free on all fronts. That step is Courier Insurance.

Huge fleet and chain of operators, sub-contractors and single operators, everyone must make this one time investment in courier insurance and also make an informed choice when it comes to drawing the budget and selecting the policy best suited for the business.

First the understanding of the importance of courier insurance is necessary before the investment is made, so that no doubts are involved. The important point to be kept in mind is:

If any damage occurs to the goods that are to be delivered via courier, it is the responsibility of the courier operators to pay for the loss. The costs may hamper the courier services to a huge extent and a situation may also arise that the courier operators cannot afford to pay for the losses.

That is when Courier Insurance plays an important role. There is minimum repercussions and maximum damage control. Courier insurance covers the three essential fronts of a courier service: goods, vehicles and public liability. Thus courier insurance is an overall package that includes the following sub-policy of insurances:

Vehicle Insurance
Goods In Transit Insurance
Public Liability Insurance

The importance each sub-policy can be stressed further:

Benefits Offered by Crowdfunding

by Guest Contributor

While funding is considered the primary goal of a crowdfunding campaign, it is also a great way to increase your visibility and grow your overall customer base. These are just a few of the many benefits of crowdfunding.

Some other reasons that many people actively participate in crowdsourcing campaigns is to gain:

Marketing exposure
Press coverage
Social proof
Traction in the market niche
Potential interest from investors

Grow Your Business With A Fixed Rate Loan Up To $300,000 From Lending Club. Approval Takes Just A Few Minutes With No Obligation!

Learn More About the Benefits of Crowdfunding

Traction

When creating a crowdsourcing campaign, you may also be able to successfully generate traction for the startup. This will be demonstrated with large numbers of backers, pre-orders for the product or even services that the startup offers.

It can even help to garner media attention and interest. Generating more traction is a crucial step in proving success and preparing for creating a pitch to present to investors.

Social Proof

When you have gained interest from possible clients in the service or product being offered by the startup, you have gained social proof. This is showing that other people believe in what you are actually doing. Another way that you can generate social proof is to advisers who are prominent in their particular field.

9 Tips for saving $1,000 in 12 months

by Jeremy

What would an extra $1,000 do for you? Whether you need to pay off a handful of bills, reduce debt payments or pay for a vacation, most people would agree that extra cash is helpful. Here are some great ideas to save money. Not all of these suggestions will work for you. Read through and check out the items that will help you the most. If you need a little extra cash this year, here are a few ideas to save money that can save at least $1,000 this year. Top 9 Easy Ideas to Save Money Low Income Benefits If you are a low income earner really finding it difficult to get by…then get help! Did you know that there are … Read more