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Lesson #4: If You Can Dream It, You Can Do It
When asked what the number one key to success is, Charney replies, “Passion. That’s it. When you believe in what you’re doing, that’s it.”

Factoring Can Provide Funds for Businesses in a Cash Flow Crunch
The process of factoring, or selling off accounts receivables, can be a valuable lifeline when companies hit a cash flow crunch. Find the right partner by seeking out a funding firm that deals with exactly your specifications. How does factoring work and what should you ask before getting involved?
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More Consumer, Corporate Bankruptcies Ahead This Year
The Bankruptcy Abuse and Consumer Protection Act of 2005 was designed to change existing bankruptcy law to make it more difficult for both businesses and individuals to qualify for bankruptcy protection. The bill, which was pushed by the credit card, auto and retail industries, was intended to end abuse of the bankruptcy system yet U.S. consumer and corporate bankruptcies are expected to increase by 20% and 17%, respectively, in 2007.
Effects of Bankruptcy - Not the American Dream
Anyone who has ever gone through the emotional pain and stress associated with bankruptcy will tell you that bankruptcy was not something they “planned” or considered to be a part of their future plans.
What is the means test, and how does it apply to me?
Chapter 7 bankruptcy is the liquidation of your assets in return for having your debts pardoned. Chapter 13 bankruptcy lets you work with the court to find a way to pay off your debts. In order to prevent people from abusing Chapter 7 proceedings when they could be paying off their debts through Chapter 13, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 created the means test.
What is an automatic stay?
An automatic stay is created when a person files for bankruptcy under either Chapter 7 or Chapter 13.

What is the difference between a Chapter 7 and a Chapter 13 bankruptcy?
Sometimes you get into severe financial straits and have to rely on bankruptcy. When this unfortunate happenstance occurs, which form of bankruptcy do you choose? The two major forms of bankruptcy for consumers are Chapter 7 and Chapter 13. Each of these bankruptcy forms are designed to ease and remove debts from you, while at the same time paying off the bills as much as possible.

How to Recover from Bankruptcy in Canada – Chapter 11
With the global economy in a sore spot, many people in Canada and beyond are finding it difficult to get out from crushing debts and even getting a mortgage after bankruptcy in Canada. More and more Canadians are finding that their only choice is to declare bankruptcy, which at the very least offers some relief. The drawback is that credit is destroyed, making it difficult to obtain the funding needed for larger items such as cars or a mortgage. Fortunately, there are a series of steps that one can take to recover from bankruptcy in Canada after filing for Chapter 11, though it does of course take some time and effort.
Should the UK and the Eurozone adopt America’s Chapter 11 format for bankruptcy?
In America, when a company gets into difficulty it can file for what is called Chapter 11 which is named after the U.S. bankruptcy code 11. Chapter 11 is a form of bankruptcy that involves a reorganisation of a company's business affairs and assets and it generally filed by corporations that require time to restructure their debts. In essence, Chapter 11 gives the company a fresh start, subject to the company's fulfillment of the obligations under its plan of reorganisation. Whereas in the UK, for example, a company has to either go into receivership or liquidation. Where a company goes into liquidation the business ceases and the company's directors appoint a liquidator to sell the assets of the company in order to pay off as many of it's creditors as is possible.
How to Determine if Bankruptcy is a Viable Tax Relief Option for Resolving IRS Back Taxes
With a record number of bankruptcies filed in the last year it's important for taxpayers to know whether it's possible to discharge taxes in bankruptcy. If you qualify for discharging your IRS tax debt through bankruptcy, you have an opportunity to achieve permanent tax relief and a fresh start. Find out more about eliminating your back taxes with these important tax relief bankruptcy tips.
Why Bankruptcy and Financing Does Not Work As The Solution To A Problem
When you don’t fix the core problem, neither bankruptcy nor the provision of fresh money can help, they both just delay the inevitable failure. One of OnSite’s areas of expertise is keeping clients experiencing severe difficulties out of bankruptcy through restructuring and programs to improve (or initiate, in some cases) profitability. We are often asked why we do not agree with bankruptcy and why when a bankruptcy is inevitable; we believe we need time prior to filing to prevent conversion to liquidation?
Post Bankruptcy Car Loans - Best to Qualify for a Auto Loan After Bankruptcy
Bankruptcy can be very emotionally harmless because it causes ashamed and financial problems. Many people think it will never be able to get bankruptcy car loan and auto loan finance after bankruptcy, since it takes a huge toll on credit scores. Fortunately, this is not true. Definitely more difficult to get this loan but not entirely impossible.
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