Paying back creditors

Highlights

  • A creditor is anyone to whom you owe money. Creditors can include friends, family, credit card companies, and banks. Unpaid creditors have a number of options to collect unpaid debts.read more »
  • A business can choose to become bankrupt when it is insolvent and when it owes over $1,000. A business is insolvent when it is no longer able to pay its debts on time, or when the business cannot pay ...read more »
  • Bankruptcy laws are often tough to understand given the numerous requirements, regulations and procedures that have to be observed when filing. However, bankruptcy laws are very important as they ...read more »

Most Recent