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Credit Alliance Group reports an increase in complaints to the FTC about creditor harrassment calls
According to the AP report, almost 39 percent of Federal Trade Commission complaints cited demands to pay debts that weren’t owed or payments that were more than legally allowed. Credit Alliance Group instructs their clients on how to file complaints against creditors who are in violations of the Fair Debt Collection Practices Act. Credit Alliance Group is striving to set itself apart from the debt settlement industry in customer service.
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.
Coach Your Business Team To Recognise A Profit
After years of paying bills, lodging tax returns, balancing debtors & creditors, doing bank reconciliations and lodging financial returns for your business, it's understandable if you've fallen into the error of thinking that "everyone understands money" and "everyone knows what a profit is!" But does your team know what a profit is? Keep reading for Your Reality Check.

How to Choose a Debt Settlement Company?
Your guide to know if Debt Settlement is the right option for you. The red flags to look for and what to ask when deciding which Debt Settlement Company to go with.
Auto Dealers Failing to Maintain Proper Documents Regarding Loans
In the era of auto dealership consolidations, short sales and creditor issues, many of our auto dealer clients and the sellers and buyers we are dealing with, have failed to adequately protect loans they have made to their dealership. Or worse, they have failed to protect investors or family members who have invested in their business, never contemplating that things might not work out. The following is what is essential to protect yours and your friends and family's investments in your company, or your investment in someone eleses company.

The Top 5 Things I Learned From Robert Kiyosaki
The book ‘Rich Dad, Poor Dad’ by Robert Kiyosaki and Sharon Lechter was a revolutionary read and inspired me to move past fears that have stopped me from doing more with my life financially. Reading the book a second time, I really focused on the opposite of all I knew – and those were the ideas of his rich dad. This article covers the top 5 things that I have either gained a greater understanding of or learned more about from Robert Kiyosaki.
Should I fire my bad clients?
Run a mental checklist over your client base right now. Who fits into the ‘good’ client list and who falls into the ‘bad’ client list? It all really depends on what you define as good and bad. As we know not all clients are good for your business. Some clients are a wrong fit for your business but could be a good fit for someone else; therefore in of themselves they are not necessarily ‘bad’. However, others are just downright bad for your business.
When Should I Consider Filing for Bankruptcy?
“A person is insolvent whenever the aggregate of his property is not sufficient to pay his debts” – First State Bank v. Sibley County Bank, 105 N.W. 485
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.

What is an automatic stay?
An automatic stay is created when a person files for bankruptcy under either Chapter 7 or Chapter 13.

How to Properly Prepare and File for Bankruptcy
Are you thinking about filing for bankruptcy? This process can seem daunting and overwhelming in the midst of an already stressful time. Here are the basic steps in the filing process:
Where the Bible teaches us how to improve our cashflow
No cash means stunted business growth, worry and sleepless nights wondering to how you are going to pay your bills. So you're lying there at night, eyes wide open, thinking how you are going to face your creditors the next morning. In this situation, many business owners (religious or not) would plead for some kind of divine intervention. Well believe it or not, one strategy for getting your customers to pay on time is actually sitting there in the bible. You just need to know where to look…

Interest Rate Hike Shocker!
The article discusses the current economic condition and how it came to be. It outlines what steps need to be taken to right the wrongs of previous administrations and their policies, and it discusses how a higher interest rate would benefit the U.S. by bringing capital flows back towards the Dollar.
Debt Settlement and the facts of associated Income Taxes
Discusses the consequences of of taxes when debt is being forgiven. Explains the insolvency factor that permits most debtors to exclude canceled debts from income.
What to measure to be phenomenally successful in business
We all have to measure our finances, using an approved accounting system. We may hate it, but it is a requirement by law. Thus we all get an accountant to tell us what we did, how much money we made or lost, how much tax we have to pay, and then most of us sigh a collective sigh of relief, and forget about it. Large businesses use the financial figures, to create management accounts that we use on an ongoing business.
Bookkeeping to Keep Track of Your Business
Do you struggle with bookkeeping to keep track of your business? Many small business owners are so busy running the day to day tasks, that bookwork is left until last. Savvy business owners understands the importance of book-keeping to keep track of your business.
Entrepreneurs Want A Smoothly Running Profit Making Business?
You’ve done all the hard work and your business is starting to turn over a profit. Have you though about the benefits of getting it running smoothly and efficiently so that you don’t get massive peaks and troughs of income? So how do you go about turning your business into a smooth running machine?
Balance Sheet and Profit and Loss Account
While introducing the subject of accounting to the readers previously it was stated that one of the main objectives of financial accounting is to provide information about the profits earned or loss suffered by the business during a particular period.
Understanding the Bottom Line
What’s there to understand? The bottom line is the last line on the Profit & Loss (P&L) statement and it is either a profit or a loss. That’s all you need to know, isn’t it? Yes, it is important to know whether you are making a profit or losing money, but understanding how financial statements work is knowing the nature of each account and how it fits into the scheme of things. This article provides a broader understanding of the bottom line.

How a Bookkeeper Can Help Your Cash Flow
Many small business owners struggle with keeping their bookwork up to date. Yet good record keeping is an essential part of any successful small business.How can you make an informed decision about your business if you don’t know where you are at financially with your business?
Discipline
Self-control
An insolvent business is a bomb waiting to explode- how solvent is yours?
Every business, be it a huge corporation or a small home-based business, will encounter some cash flow problems at one point or another. It becomes a serious issue when your business seems to be in financial difficulties on a continuous basis. If this rings true to your business, then you may need to take a long, hard look at how solvent your business really is. Insolvency is when a company is unable to pay its debts when they become due. In other words, the business is spending more than it is earning.

Director’s Liability Notices from the Australian Taxation Office
The Australian Taxation Office (ATO) is now taking an aggressive position in relation to unpaid company taxes.

Annual Government Filings & Minutes - Corporate Maintenance and Compliance
Many new business owners are unaware of the important obligations that must be upheld AFTER they have formed a new business entity. All too often there are accounts of entrepreneurs starting a business, incorporating that business, then failing to comply with various government imposed formalities and filings. There are many ongoing government requirements that small business owners need to comply with, namely: annual government reports/returns and fees, notice of a name change, notices of change of registered office, directors and in certain jurisdictions, their shareholders. These forms are different than tax related forms such as tax returns, GST/PST filings and payroll deductions.
Small Business Credit : DUN Numbers : Dun & Bradstreet
Small Business Credit

Other creditors Related Articles

Credit Scoring
Ever wonder how a creditor decides whether to grant you credit? For years, creditors have been using credit scoring systems to determine if you'd be a good risk for credit cards and auto loans. More recently, credit scoring has been used to help creditors evaluate your ability to repay home mortgage loans. Here's how credit scoring works in helping decide who gets credit -- and why.
Coach Your Business Team To Recognise A Profit
After years of paying bills, lodging tax returns, balancing debtors & creditors, doing bank reconciliations and lodging financial returns for your business, it's understandable if you've fallen into the error of thinking that "everyone understands money" and "everyone knows what a profit is!" But does your team know what a profit is? Keep reading for Your Reality Check.

Communicate with the people you owe; it’s a win-win for everyone
James Dicks explains the benefits of being honest with your creditors, even when the answer is not what they want to hear.

Dealing with Debt Collectors
Owing a debt and being unable to pay it has limitless disadvantages. The paramount being not having a peaceful life. Falling short on payments leads to creditors or debt collectors chasing you for the debt.
How to Avoid Having Your Creditors Pierce the Company Veil
One of the principal reasons you form a corporation or a limited liability company (“LLC”) to own and operate your business is to insulate your personal assets from the claims of business creditors in case your business is not successful. Generally, your personal exposure is limited to the amount of capital you have contributed to the company. However, if you fail to follow the requisite business formalities, your attempt to insulate yourself from the claims of business creditors may be futile.
Cash Shortfall? - Managing Creditors
When you are in a situation where you cannot pay all your current creditors you must start to prioritise who you pay, and when you pay them. If you are a retail business for example; then your suppliers are the most important since without them you have no products to sell. If you have credit terms try to extend them, if not, at least attempt to maintain your existing terms otherwise your cash position will get worse.

How to Survive the Impact of Bankrupt Nations
Debt is slavery and influences life’s major decisions, suggests Mike Farrell with aspenIbiz. Read this short post is it will reveal that debt is affecting not only individuals and families but entire nations and it has the power to make entire nations subservient the whims of their creditors.

Having Trouble Paying The Bills
In today’s world with the way the current economic climate is there are so many of us struggling to cope with debt whether it be struggling to pay the phone or electricity bill, getting those frightening letters from creditors or even worst having the debt collector banging at the door and all this leading you to worry whether or not you are going to lose your house or car.

Filing an Emergency Bankruptcy Petition
An emergency bankruptcy petition can get debtors protection immediately. This can stop creditors from eviction and even foreclosure. If these creditors are down your back, this may be your best option.
Apply for Refinance Auto Loans and Save your car from being Lost!
Buying a car will be every single folks desire along with the reduced the sale the better it can be for the particular debtor. However abrupt urgent matters appear during one’s life span and it's also during this kind of periods that the car owner may require assist in are auto refinance loans to help save the particular car via staying revoked from the creditors.
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