Monthly Archives: January 2019

A Quick Walk Through the Process of Borrowing Money Online

Companies like Maxlend Loans are dedicated to making it easier for consumers to obtain cash when they need it the most. By streamlining what were formerly complex processes, such lenders are making life easier and more secure for borrowers from all over. Understanding how the usual process of borrowing works will make it clear that this type of lending will often be worth looking into.

A Simpler, Better Way to Obtain a Loan Quickly

Many people today have used the services of payday lending companies at least once. One of the things that stands out about these kinds of lenders in the minds of the average person is how straightforward and accessible their services sometimes seem.

On the other hand, there are now alternatives that go quite a bit beyond the level of convenience that so many associate with payday lenders. Installment-style personal loans available online frequently beat out payday alternatives in a variety of important ways. One of the most striking of these is how simple the process of obtaining one can be, with the usual routine involving nothing more than a few steps like the following:

  • Application. As with virtually every other type of loan, it will normally be necessary to fill out a formal application before being able to borrow from an installment lender online. This will include the provision of basic information regarding the applicant’s identity and situation, with details like employment status and bank account numbers normally being supplied. With the accessibility of online application forms allowing for this stage to be worked through anywhere and at any time, however, most borrowers should not run into any problems.
  • Verification. In order to cut down on fraud and to be sure that no mistakes were made, lenders will typically get in touch with borrowers after receiving their applications. That might mean needing to answer a few questions by phone or simply providing some additional information by email.
  • Transfer. Finally, once a loan has been approved, the sum involved will normally be transferred electronically to the borrower’s bank account.

More Consumers are Opting to Apply and Borrow Online

The simplicity of borrowing processes like this often make them appealing to would-be borrowers today. In many cases, choosing a personal lender that is based online will easily make the most sense for this reason and others.

Can a Person Sell or Give Away One’s Assets Before Filing Bankruptcy?

Do you own assets that you would like to keep after filing for bankruptcy? You are probably wondering if it is possible to sell or give these assets before declaring bankruptcy, a question that will be answered in the following article.

Selling assets before going bankrupt

First of all, people should know that this is a pretty risky strategy. When a judge reviews the validity of an application before granting the filer bankruptcy, they will make sure that they have not tried to fool them in any way by disposing of all your assets before declaring bankruptcy. Be aware that, if a person wants to sell or give away their assets, they should do so years before filing.

In some cases, transactions up to five years before bankruptcy may be canceled by an Insolvency Trustee if the Trustee determines that the gift was made for the purpose of defrauding creditors. Also, be sure to keep a record of all the goods you give and sell, and avoid spending from the amounts obtained through these sales.

If a filer is bankrupt, can they still run their business?

If the filer’s financial situation is becoming worrisome, bankruptcy may seem like an attractive solution. However, this can also lead to several questions regarding their profession. It is important to clarify some points related to self-employment, running a business, and bankruptcy.

For starters, is it possible to work on your own after declaring bankruptcy? The short answer is yes. Even if you are still not discharged from bankruptcy proceedings, people can continue or start working on your behalf. However, people should know that some professionals find themselves in front of different rules.

If the filing party is a lawyer or a certified professional accountant, for example, their professional order will prevent them from continuing to practice their profession (lawyers will even lose their status as a member of the bar). A person exercising one of these two professions will have to reapply for membership after their release, with no guarantee that their application will be approved. Hiring the right bankruptcy lawyer could make the process easier. Visit http://tulsabankruptcylawyers.net/bankruptcy-attorney-tulsa-chapter-7-bankruptcy/ for more information.