Why Bankruptcy Is Not The Worst Possible Thing – Start Online Business

Work from Home and reclaim your life

Curated by WorkingFromHome

This article is an excerpt from the original article found in the Read More link – please follow for full article.

Consider the word bankruptcy.

Hearing that someone’s choosing to file for it is considered to be as far as they can fall. It’s probably the most repeated term signifying poor financial condition in the gloomy times that we live in. And despite the frequent mention, the word still has very negative connotations. So much so that people facing this condition think that it’s the end of the line for them.

However, the truth is, getting to a position where it becomes an option is not the worst possible thing that could happen.

While in no way is it implied here that you should let yourself face the scenario of declaring yourself bankrupt, it isn’t all doom and gloom and here are a few things to keep in mind.

A Fresh Start

Bankruptcy is, in effect, a fresh start. Once the judge grants it, the creditors cannot come after for what you previously owed them. While it may be humbling when you realize that this is an option that you have to consider, it is a great way for most people to get out of servicing unfavourably priced debt such as the charges by credit card companies.

Filing for bankruptcy in the case of owing many thousands of dollars that is due to credit card companies who set a twenty five plus per cent rate would not be seen as a very bad thing. As it is, the series of late payments would already have affected your credit score adversely.

The Law Is Your Friend

Personal bankruptcy laws are on your side and you have to realize that. Besides, once you’re back in the black, you can consider repaying what you owed.

Filing for bankruptcy will as such liberates you from the worry of fulfilling those immediate yet unpayable commitments so that you can

For the Full Article
Please Continue Reading Here: Why Bankruptcy Is Not The Worst Possible Thing

Commentary:
Quite interesting tips and urls can be seen on the complete article.

You May Also Like…

12 Steps You May Not Know You Need to Take In Order to Start a Business – Start Online Business

12 Steps You May Not Know You Need to Take In Order to Start a Business – Start Online Business

They say anyone can start a business, but not everyone knows exactly what to do to get started. What’s one surprising or little known thing your average person may not realize they would need to do in order to start a business? These answers are provided by Young Entrepreneur Council (YEC), an invite-only organization comprised of the world’s most successful young entrepreneurs. YEC members represent nearly every industry, generate billions of dollars in revenue each year, and have created tens of thousands of jobs. Learn more at yec.co. 1. Set Clear Work-Life Boundaries One thing you may not realize you need to do when starting a new business is to set clear boundaries between your work and personal life — especially when working from home with no physical divide between your “office” and living room. Not setting clear boundaries will make you less productive, and you may also risk burnout.…

10 Practical Tips For a New Investor – Start Online Business

10 Practical Tips For a New Investor – Start Online Business

If you’re thinking of moving into the investment market, it’s important to be aware of some basic tips for how to make the most of your money without taking on any undue risks. There are several areas that you should be focusing on, which can include working out a reasonable rate of return on your investments, diversifying your portfolio, and exploring software options for organising your money as you take on more risk. These, and other tips for new investors, can be found below. 1. Understanding Different Markets Before making an investment, compare different markets and see which type will be best for you. If you want to make a relatively low risk investment, then a pension or an ISA with stocks and shares can produce a reasonable return over time. Higher risk investments can be made in Forex, stocks and shares, and other fast-changing markets, which can produce a…

Working From Home TV …

Tips to enhance your own website…

Welcome Easy Digital Downloads, WP Simple Pay, AffiliateWP, and More to the WPBeginner Family of Products – Website Tips

Welcome Easy Digital Downloads, WP Simple Pay, AffiliateWP, and More to the WPBeginner Family of Products – Website Tips

Today, I’m extremely excited to share that all Sandhills Development products are joining Awesome Motive, and they’re now part of the WPBeginner family of products. This includes several popular WordPress plugins including Easy Digital Downloads, AffiliateWP, WP Simple Pay, Sugar Calendar, and many more. These brands are very close to my heart because when I first started selling premium plugins in 2013, we used Easy Digital Downloads, and we still use EDD to power our eCommerce. This is one of those rare life moments where things have come full circle, and I honestly feel like I’m living in a dream. Introduction – Quick Overview of the Plugins Unlike our other investments, this is an acquisition of a large portfolio of plugins, so I’ll give a quick overview of what each of them do. Easy Digital Downloads makes it easy for you to sell digital products online such as eBooks, digital…

How to Set Up Business Call Forwarding From Your Website – Website Tips

How to Set Up Business Call Forwarding From Your Website – Website Tips

Do you want to set up business call forwarding from your website? For many small businesses, calls from potential customers generate significant sales and revenue. This is why it’s important to properly set up business call forwarding from your website. In this article, we will share a step by step guide on how to easily set up business call forwarding from your WordPress site. What Do You Need to Set Up Business Call Forwarding from Your Website? Normally, you can just add a phone number to your WordPress website or online store. Your website visitors can use the phone number to make a call. However, regular phone services don’t come with advanced features like call forwarding, business hours, call waiting, etc. Plus, they cost a lot more even for even basic features like basic call forwarding. For proper business call forwarding, you’ll need a smart business phone service provider. We…

How to Notify Subscribers of New Posts in WordPress (3 Ways) – Website Tips

How to Notify Subscribers of New Posts in WordPress (3 Ways) – Website Tips

Do you want to notify your website subscribers about new posts on your WordPress blog? Notifying your subscribers about new content helps you stay in touch with your visitors, bring them back to your website, and convert them into customers. In this article, we’ll show you how you can notify subscribers when new posts are published on your WordPress blog. Why Notify Subscribers of New Posts in WordPress? For most websites, nearly 70% of website visitors will never come back again. By notifying subscribers that you’ve published a new post, they’re likely to return to your WordPress website to read it. This lets you provide more value and deepen the relationship with your subscribers. For online stores, notifying subscribers of new posts will help you to turn those subscribers into loyal customers. That being said, let’s look at how you can notify subscribers of your new posts using a few…

0 Comments

Submit a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.