If you own a business that is registered as a partnership, and you find yourself in the position of having to file for personal bankruptcy protection, what happens to your business? Does personal bankruptcy have to mean small business bankruptcy as well?

Owning a partnership means that your personal and business finances are one and the same. It also means the same for your partners. Each partner is responsible for the entirety of the business’s debts.

Since your personal debts and your business debts are the same, they cannot be separated when you file for bankruptcy protection. This means that your personal assets and your business assets will both be listed in your bankruptcy paperwork.

Many of your personal assets will be considered exempt under a Chapter 7 bankruptcy – meaning that you will get to keep these assets even though you are wiping out your debt. Unfortunately, this is usually not the case when it comes to business assets. Most of these assets will become the property of the estate, and will be liquidated to pay your creditors for your debt.

Unless your partners can replace these assets, this usually means that your partnership will have to shut down.

There are a couple of options that can save your business, though. First, you can file for Chapter 13 bankruptcy protection instead of filing chapter 7. This gives you the ability to repay your debts over a period of time – usually 3 to 5 years. Although Chapter 13 doesn’t erase your debts, it will allow you to keep your business assets so that you and your partners can continue operating the business.

The other option is to incorporate the business. This will help separate your personal and business liability. While the estate will become the owner of your share of the business when you file bankruptcy, you have the option of buying back your stock at fair market value. Often, the fair market value will be less than the amount of debt you owe, so it can be a less expensive way of obtaining debt relief while still maintaining your business.

New York bankruptcy lawyer Jay S. Fleischman is the Managing Attorney of Fleischman Consumer Law Center. He has helped thousands of New York consumers end their bill problems and get back their good credit. Go to http://www.NewYorkBankruptcyHelp.com to learn more about your options, ask questions, and get more information.

There are several articles about refinancing your current auto loan, but has anybody explained to you what refinancing your auto loan means? This articles shows you what an auto loan refinance is and how you can benefit from getting a new auto loan with lower interest rates to refinance your current one.

Refinancing your auto loan means that you get a new credit with much lower interest rates than your old car loan. With this new car loan you can refinance your old car loan, so that you have lower monthly payments. All you need to do is to find a great deal in order to get a car loan with a very low interest rate. Then carry the money you get to your current lender and enjoy the saved money. Sounds easy, but where do you find these lower interest rates and when is the best time to look for your new loan?

A good time to think about refinancing your car loan is when federal interest rates drop. Most lenders will also drop their interest rates, so that you can profit from that.

A great source to find the best refinance auto loan is the internet. There are many finance companies and banks that you can compare. They have a form on their website that you can fill out to apply for your refinance loan. They will get back to you and let you know what your new interest rate will be. You can compare several offers and choose the one with the lowest interest rate and the best conditions. Most offers have a certain time frame to lock the offer and for you to take action. Make sure to compare all offers within the shortest time frame in order to recieve the locked offer.

Be aware, there are some finance companies or banks that will add a “special agreement” for paying back the loan earlier. The charge extra fees and you will be paying much more than you have expected. Whatch out fore these terms of agreement in your current loan agreement.

With the popularity of the internet, many people have taken the chance to save lots of cash through refinancing their auto loan and you can be the next one. Take action today and compare different offers from several finance companies and banks.

Guido Nussbaum, runs a website about auto loan calculator. You are allowed to reprint this article, including the author box.

Chapter 15 bankruptcy laws are a set of new policies on the code dealing with financial incapability. They have been added by the bankruptcy and consumer prevention act of 2005 which replaces section 304 of the code. The main purpose of this law is to lay the strategy for dealing with insolvency cases of parties in different countries.

This promotes cooperation of courts and their officials in these different countries, it will protect the interest of all the parties involved including the debtor and it is also a platform for establishing greater legal certainty for trade and investments. It is also a means of rescuing businesses in trouble as well as protecting the debtors from unfair treatment from creditors.

The insolvency case begins with a petition being filed in the debtors country of residence by a foreign representative. Chapters 7 or 13 may act as an alternative to this chapter. Chapter 7 allows for a trustee to recoup the debtors property, sell it and pay the creditors after the debtor has filed a petition and a list of nonexempt assets. A trustee from the foreign country can be appointed to act in the debtors country. This can only apply if the property involved is complex to allow the domestic court to proceed with the case.

A petition must be accompanied by documents showing the existence of foreign proceedings after which the representative is permitted by the court to have access to the U.S courts. The recognition of the representative is only done after a court hearing has been made in the domestic courts. The bankruptcy code allows that after the hearing, the trustee can now operate the debtors business on his behalf.

Peter Gitundu Researches and Reports on Bankruptcy. For More Information On Chapter 15 Bankruptcy, Read More Of His Articles Here CHAPTER 15 BANKRUPTCYYou Can Also Add Your Views About Chapter 15 Bankruptcy On His Blog Here CHAPTER 15 BANKRUPTCY

If you need to borrow money, here is your opportunity because beyond payday loan offers you loans from $50 to $1500 or more. Just as the approval process is quick, so is receiving your cash. Most often your funds will be deposited into your checking account the next day.

You just need to fill out an application online and once the relevant information has been received by the lender, your money will be delivered. Don’t lose this opportunity that beyond payday loan offers you because we do like help people and give them the opportunity to pay their pending bills.

This is the option to avoid all the embarrassment of going out into public to get the money you need. You can get your cash advance today right online without any difficulty. If you need less than $500, then you can do it with no verifications and no faxing of documents. If you need more than $500, then it can be just as quick, but be prepared to fax over a few documents to get the loan approved.

You simply supply your contact information, job history, and checking account number that you wish to have the cash advance deposited to. You can submit your application at anytime. You don’t have to fax any check stubs or forms – the whole process is paperless.

You just can’t beat the speed of a payday loan. While other financing companies can take weeks to approve your credit application, Beyond Payday Loan can approve it in a matter of hours.

Insurance Agent Directory

Celebrates 5th Year Anniversary

InsureMyHouse.com an informational website and online insurance agent directory was created specifically for LOCAL insurance agents that was launched in 2004.  The site offers exclusive leads and advertising for the insurance industry allowing for only one agent per zip code in the directory.  The directory is organized by state and then by zip code.  So if someone is looking for insurance and selects the zip code you have registered, you will be their only choice.

They are highly rated in Google under the following search keys: house insurance, homeowners insurance, local homeowners insurance, homeowners insurance agent, local insurance agent, and find homeowners insurance.  There are several other too numerous to mention.  There are over 2,000 other search engines, directories, real estate sites, mortgage sites and other financial websites where InsureMyHouse.com is listed.  They are also a member of the Local Insurance Network which provides guides to learn more about insurance and financial plans.

With over 100,000 monthly visitors to the site each month and a cost of only $80 per zip code, the site has become a first class source of exclusive leads for insurance agents.  

Agents who register zip codes in the directory receive:



Lead Exclusivity

Tracking Statistics (helps you gauge the sites effectivness)

Higher Response Rates

Complete Description of your Agency

Link to Agency Website and Email Address

Immediate Internet Presence on Major Search Engines

No Set-Up Fees

Photo/Image or Company Logo Uploads (if applicable)

24 Hour Profile Maintenance



You can learn more about getting listed in the directory by visiting: http://www.insuremyhouse.com/faq.html

Daren operates http://www.insuremyhouse.com and http://www.insuremylife.org both local insurance agent directories. The sites are organized by state and then zip code.