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Any particular company dealing in trade finance servicing, offers cash flow solutions for various business such as Asset based Lending, Invoice Finance, and Debt Factoring etc. Such trade finance servicing can work for larger companies as well who want to diversify their operations. The sole purpose of trade financing is to assist the companies and organizations who are involved in trade with finance facilities. Such services offer better negotiations with the markets and complete the deal with confidence in a professional manner.
A good trade financing organization first and foremost analyses the exact requirements of their client and tries to deal with the specific financial problem and cover all aspects of trade. Proper trade financing is like a tailor made solution which looks after all the requirements for your export. With a skilled and qualified trade finance team, the specific requirements of the client are looked after and then the correspondent banks are leveraged. Trade finance servicing also includes pre-shipment credit to its exporters by packing credit and giving them the opportunity to fund few operations such as import of raw goods, buying or raw material, packing the finished goods which are to be exported etc.
Few other trade finance services include:
Trade finance servicing includes post-shipment credit. This facility is given to the exporters and a good trade financing includes:
Discounting of the export papers under the order of the governing authority.
Providing advances to exports on the various consignments.
Providing advances for permitted exports
Offering the acceptance for all the documents for export in exchange of a letter of credit
Depending on the collection, advance being offered to the exporters for the export bills
Offering fund to exporters against the balance of the exports which is undrawn
The above mentioned operations are the main services of trade financing. Proper trade finance will help an organization carry on international trade smoothly and effectively.
If you fall behind on your mortgage payments, your lender may take steps to foreclose on the property – meaning it may take back your home and sell the property at a public auction.
The foreclosure process doesn’t happen overnight. In Colorado, a foreclosure typically starts after you fall behind on your payments for at least two months, and often three or four. This window of opportunity (commonly the reason behind a “strategic default”) will provide some time for you try alternate methods, such as loan forbearance, a short sale, or a deed in lieu of foreclosure.
If you’ve already tried these options, filing bankruptcy may provide another option to avoid or stall foreclosure. Here are some examples of how filing for bankruptcy can help you –
The Automatic Stay Delays Foreclosure
When you file either a Chapter 13 or Chapter 7 bankruptcy, the court automatically issues an order (called an “Order for Relief”) that contains a powerful tool known as the “automatic stay.” The automatic stay is a shield that legally forces your creditors to cease all of their collection activities immediately – no excuses. If your home is scheduled for a foreclosure sale, the sale will be postponed by the Bankruptcy Court while your bankruptcy case is processed, which typically takes three to four months. However, there are two important exceptions to this rule:
Motion to Lift the Automatic Stay. If the lender obtains the bankruptcy court’s permission to proceed with the sale by filing a “Motion to Lift the Automatic Stay”, you may lose the customary three to four months. But even then, your bankruptcy filing will typically postpone the sale for at least two months (or more), depending on the speed with which your lender files its Motion to Lift the Automatic Stay.
Foreclosure Notice Already Filed. Unfortunately, bankruptcy’s automatic stay won’t stop the clock on the advance notice that most states require before a foreclosure sale can be held (or a Motion to Lift the Automatic Stay can be filed).
How Chapter 13 Bankruptcy Can Help
Many people will do almost anything to stay in their homes for the indefinite future. If this describes you, and you’re behind on your mortgage payments with no feasible way to get them current, the only way to keep your home is to file a Chapter 13 bankruptcy.
How Chapter 13 Works. Chapter 13 bankruptcy lets you pay off the “arrearage” (late, unpaid payments) over the length of a repayment plan you propose (usually five years). You will need to demonstrate to the court that you earn enough income to at least meet your current mortgage payment at the same time you’re paying off the arrearage. Assuming you make all the required payments up to the end of the repayment plan, you’ll be able to avoid foreclosure and keep your home.
Stripping Off Second and Third Mortgage Payments. Chapter 13 may also help you eliminate the payments on your second or third mortgage. This is because, if your first mortgage is secured by the entire value of your home (which is possible if your home has dropped in value recently), you may no longer have any equity with which to secure the later mortgages. In this scenario, the bankruptcy court may allow you to “strip off” the second and third mortgages and re-categorize them as “unsecured debt.” Then, under your Chapter 13, you’ll be able to discharge these debts after successfully completing your Chapter 13 plan.
Canceling Debt. Chapter 7 bankruptcy will also cancel all the debt that is secured by your home, including your mortgage, as well as any second mortgage(s) and home equity loans.
Canceling Tax Liability for Certain Property Loans. Thanks to a new law, you no longer face tax liability for losses your mortgage or home-improvement lender incurs as a result of your default, whether you file for bankruptcy or not.
However, the new tax law doesn’t shield you from tax liability for losses the lender incurs after the foreclosure sale if:
This is one way Chapter 7 bankruptcy helps. It exempts you from tax liability on losses the lender incurs if you default on these other loans.
Chapter 7 Cannot Cancel the Foreclosure.
With all this debt being cancelled, you may be wondering why the foreclosure on your home won’t be cancelled too. The trouble is, when you bought your home you probably signed two documents (at least)—a promissory note to repay the mortgage loan, and a security agreement that could be recorded as a lien to enforce performance on the promissory note.
Chapter 7 bankruptcy will discharge your personal liability under the promissory note, but it doesn’t remove the lien. Chapter 7 will get rid of your debt but not the liens – you’ll still probably have to give up the house under the lien because that’s what your pledged as collateral for your loan.
If All Else Fails: Relief From Debt and Tax Liability
If you’re certain you won’t be able to propose a Chapter 13 repayment plan that a bankruptcy judge will approve, and Chapter 7 will provide only a temporary delay from the foreclosure sale, then what’s the point of either?
If you have to lose your home, you can at least view bankruptcy as the best way to get out from under your mortgage debt and tax liability. Bankruptcy also offers a way to save some money, which will help you find new shelter and weather the process of re-building your credit.
Considering filing for bankruptcy? Contact our offices in Denver today for a free consultation.
In this challenging business world and extremely competitive job market, earning a business degree can greatly increase your job opportunities. There are many types of business degrees with various concentrations that can be pursued and combined. Which business degree best fit your career goal? You need to understand the available options before you can decide one that inline with your career goal. Below are some of the common business degree / concentration:
If you are aiming to be a CEO, Senior Administration or other highest position in a company, then, a business degree that specialized in Business Management could be your degree of choice. Business Management degree will prepare you for managing position in wide range of companies. An advanced degree in business management degree can lead you to achieve the highest position that you are dreaming for in your career path. You can pursue degree in business degree singularly or combine with study of specialization area that inline with your career field.
For those students who plan to start their own business or intend to involve in a new business venture, business degree with concentration in Entrepreneurship can provide the necessary knowledge for to meet their goal. Major courses included in entrepreneurship degrees include training that encompasses aspects of accounting, ethics, economics, operation management, marketing, finance and strategy planning.
Following the enactment o new corporate accounting laws in U.S that including strict rules of clarify financial reports, has increased the demand for qualified accountants, which make the accounting degrees become popular in conjunction with the increase of job opportunities in this field. The key areas of study for business degree with concentration in accounting include managerial accounting, budgeting, financial analysis, auditing, taxation and more. There are three classes of accountants which you can be certified with: Certified Internal Auditor (CIA), Certified Public Accountant (CPA) and Certified Management Accountant (CMA).
Students with finance degrees have advantages of securing a job opportunity as investment banker, budget analyst, real estate professional, financial consultant, loan officer and money market manager. The demand for finance professions are expected to grow rapidly in next 10 years, if you are interested in this field and planning to get a degree in finance, your future career path is almost secured. Most often, the minimum education level for finance career is considered to be a bachelor degree, but an advance degree in finance such as a master degree and Ph.D will equip you with professional credentials to move your finance career to a higher level.
The marketing degree will equip you with the knowledge on advertising, product development & pricing and consumer behavior. You will also learn about product promotion, new product launching and time to market strategies. Most often, many students who pursue marketing degree will combine business management so that they will gain knowledge of product marketing and equip for business strategies and management.
Earning a business degree will increase your competitive in the job market, but business degrees cover a wide range of fields with various concentrations, you need to understand the business degrees options so that you can select the most suitable business degree that fit into your career path.
Riding a motor bike is a hit with most men because of the adrenaline rush that it infuses. However, bikes have also earned a bad name of late as a dangerous vehicle because of the increase in the number of bike accidents lately. So if you are planning to get hold of a bike for you make sure that you drive it safely because fun must always walk hand in hand with sensibility. Since, accidents can never be predicted and sometimes no matter how hard one tries, it is almost impossible to avoid them, it is also a great idea to go for bike insurance.
What is bike insurance?
Bike insurance is when you pay a premium to an insurance company to cover the expenditure that you might have to face in case of a bike accident. God forbid, but if there ever is an accident then it will be the job of the insurance company to meet the expenses instead of the one riding the bike.
Picking the right bike insurance is important
While picking bike insurance for yourself it is very important to go through all the features, terms, condition and policies of the cover properly because it often happens that when stuck in an accident, the biker faces disappointment when he figures that his insurance is not covering for a lot of damages that he thought were covered.
The different types on Bike insurance:
There are chiefly three different types of bike insurance – Liability, comprehensive and collision. Opting for the liability cover will ensure that the expenses of the injuries inflicted on the other people in the accident site are covered by the insurance company. Collision cover will meet the expenses needed to treat the scratches on you and your bike. Comprehensive cover will take care of damages inflicted on your bike owing to vandalism, fire and the like.
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