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Each state has its own laws and regulations for all types of insurance, including car, homeowner, and health insurance. State insurance commission offices can provide you with information to help you. If you have a question or complaint about your insurance company’s policies, contact the company before you contact the state insurance regulator. If you […]

If you are a creditor of an individual or business that has filed for bankruptcy: 1. Stop collection actions. Immediately cease any collection action, including telephone calls, billing or law suits that might be pending against the debtor. 2. File a claim with the court. The notice of the bankruptcy sent by the court clerk […]

How do closed-end mutual funds work? They are very much like mutual funds in that they are both investment companies. The difference between a mutual fund, which is also known as an open-end fund, and a closed-end fund involves the way they are priced and capitalized. Mutual funds have open-ended capitalization. They continually issue new […]

A bankruptcy filed under Chapter 7 is called a “liquidation bankruptcy,” and can apply to individuals or businesses. If you file a Chapter 7 case, the goal of the procedure will be to liquidate (sell for cash) your bankrupt estate. Some of your assets may be exempt from the bankrupt estate and they will not […]

Your credit status will be affected by filing bankruptcy. If your credit is perfect, bankruptcy will have a negative effect on your credit. If your credit is substantially impaired, now or in the near future, filing bankruptcy may not affect your credit status negatively, and it may your improve your credit status because, after filing […]

Though the issue is subject to intense political debate, private-sector employers are not required to provide retiree health benefits. If they do offer these benefits, nothing in federal law prevents them from reducing or eliminating them – unless they’ve specifically promised to maintain the benefits. In the case of elimination or alteration of benefits, it […]