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  2. Repossession - Wikipedia

    en.wikipedia.org/wiki/Repossession

    The debt must then be collected by an officer of the court (Gerichtsvollzieher) who exclusively may use force to collect the debt, such as opening a door or enlisting help from police. Neither the creditor nor private debt collection agencies may use force or seize property against the will of the debtor. [citation needed]

  3. Personal bankruptcies are up. When does it make sense to file?

    www.aol.com/personal-bankruptcies-does-sense...

    Also, legally speaking, once debt is discharged or a financial repayment plan is approved by a judge, it will be another 5 to 8 years before one can file again. Chapter 7 versus Chapter 13

  4. Strict foreclosure - Wikipedia

    en.wikipedia.org/wiki/Strict_foreclosure

    Strict foreclosure is also an effective remedy where the value of the goods foreclosed is the equivalent of the debt due and owing, and the creditor can easily sell the goods for that value. In order to effect a strict foreclosure, the creditor must transmit a proposal indicating their desire to foreclose, which must be sent to the debtor and ...

  5. UCC-1 financing statement - Wikipedia

    en.wikipedia.org/wiki/UCC-1_financing_statement

    A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).

  6. Factoring (finance) - Wikipedia

    en.wikipedia.org/wiki/Factoring_(finance)

    Debt factoring is also used as a financial instrument to provide better cash flow control especially if a company currently has a lot of accounts receivables with different credit terms to manage. A company sells its invoices at a discount to their face value when it calculates that it will be better off using the proceeds to bolster its own ...

  7. How to buy a house from a family member - AOL

    www.aol.com/finance/buy-house-family-member...

    Pros of buying a family member’s home. Commission savings: If you and a trusted family member agree to a sale, you might be able to eliminate the need for real estate agents.Considering that the ...

  8. 5 ways to build equity in your home more quickly (and why it ...

    www.aol.com/finance/how-to-build-home-equity...

    US House Price Index YoY, Federal Housing Finance Agency House Price Index. Accessed December 2, 2024. Accessed December 2, 2024. 2024 Cost vs. Value Report , Remodeling magazine.

  9. Asset protection - Wikipedia

    en.wikipedia.org/wiki/Asset_protection

    Asset protection (sometimes also referred to as debtor-creditor law) is a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments. The goal of asset protection planning is to insulate assets from claims of creditors without perjury or tax ...

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