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Financial mismanagement is management that, deliberately or not, is handled in a way that can be characterized as "wrong, bad, careless, inefficient or incompetent" and that will reflect negatively upon the financial standing of a business or individual. [1] There are many ways of how financial mismanagement is carried out.
Follow these steps to help soften the impact of an unexpected hit to your finances.
Hardship may refer to: Hardship clause, in contract law; Hardship post, in a foreign service; Extreme hardship, in immigration law; Undue hardship, in employment law ...
Crises are simply a change in the events that comprise the day-to-day life of a person and those in their close circle, such as the loss of a job, extreme financial hardship, substance addiction/abuse, and other situations that are life-altering and require action that is outside the "normal" daily routine.
For instance, if the obligor has a change in income or faces financial hardship, they may petition the court for a reduction in support payments. Examples of financial hardship include supporting other children, unemployment, extraordinary healthcare expenses, etc. Likewise, if the obligor is spending more time with the child, they may petition ...
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The hardship clause is sometimes used in relation to force majeure, particularly because they share similar features and they both cater to situations of changed circumstances. The difference between the two concepts is that hardship is the performance of the disadvantaged party becoming much more burdensome but still possible.
A hardship loan isn't technically a banking term, but rather a category of loans describing the need for borrowing money. It is a loan that helps you get through unforeseen or difficult financial ...