How to recover from financial catastrophe

Personal bankruptcy is not much different from the corporate one. Actually in United States Bankrupcy Code same chapters are applied for both cases. 2008 and the following years were very hard when it comes to both personal and corporate finances. Economic crises the shook the world, left many Americans without their jobs, homes or savings. Now things are not that dramatic, but the post-recession years also lead some people to ask for the bankruptcy discharge. Most of them don’t know that they’re able to survive the crises, by doing certain specific actions, and without asking authorities for help. In this article we’re giving you the steps on how to recover from financial catastrophe.

Gather All of Your Possessions

Personal financial crises, and of course the bankruptcy are states of high alert, and if you were saving money for the rainy days, it really can’t get more wet than that. In addition to these savings you should also gather your children’s college funds, retirement funds and estimate the value of all of your material possessions. The final figure is the amount of money you have. Most of the Americans are gathering possessions they don’t really need all their life, and this is definitely the time to pawn most of those.

Determine the Total Amount of Your Debt

Count all of your mortgages, credit cards, student debt, literally all the money you owe. Try covering some part of it with the money from your savings accounts. Sell some of the luxury items from your possession, and get rid of everything that is not necessary.

Contact Your Creditors

Call all of your creditors and explain your situation to them. Don’t expect them to be too sympathetic, but since this situation can also affect their business, try to find a way to agree on more favorable debt recovery plan. When it comes to creditors, your inability to pay back the debt is concerning them as much as it concerns yourself, so don’t take no for an answer. Offer them regular token payments, because creditors are always more supportive for clients that are at least trying to pay back their debt instead of declaring personal bankruptcy.

Cut Your Costs

This is one of the hardest steps, since you need to renounce from all the luxuries you used to spend your money on. You need to stop eating outside, drinking fancy wines, buying designer clothes etc. But luxuries like these are not the only enemy to your solvency. There are number of other expensive things most people can live without. Your car is one of those things. In most big cities there’s a very functional public transport network, and of course there are also many ride share websites nowadays. Also cancel subscriptions you may have, such as those to a penny stock newsletter. Couponing is also a good way to save on buying groceries and it is much less expensive to live with one or several roommates, than by yourself. You can find plenty more ways to cut your costs online.

Work More

If your current salary can’t cover your living expenses and monthly payments to your creditors, you should find another part-time work. This can be anything from, from waitering to landscaping, but by far the most profitable part-time jobs today are the freelance ones. Use your profession wisely and start a consulting or freelancing on the side. For finding your first clients you can register at some of the popular freelancing market places. No matter what you do, be very determined to get the part-time job or to satisfy your freelance client. If competition is big try outbidding them with asking for a lower salary or offering some extra gifts or services.

By following all these steps you will be able to overcome all the hardships of financial bankruptcy. Remember to always be honest with your friends and family about the situation you’re in and you’ll always be able count on their support.

This nickel exploration stock just spiked higher on new license approval

The long wait is finally over for promising nickel exploration firm Amur Minerals Corporation (OTC:AMMCF) after the Russian government approved its application for mining rights for its Kun-Manie nickel copper sulphide deposit.

It took the company almost a decade to obtain the go signal to operate as a full-blown junior pre-production company. Now, the only thing that Amur has to do is to make a one-time payment of $460,264 (23.6 million rubles) to officially complete the transaction.

The company is expected to turn over its exploration results within 30 days. This includes the permanent Russian feasibility study based on further metallurgy and engineering work on the site, which also need an approval from GKZ or the State Reserves Committee. Nevertheless, the company can now legally conduct pre-production undertakings to mine all drilled mineralization equivalent to 841,000 nickel tons within the site.

The license is valid until December 2034—a total of nineteen years—and it covers 36 square kilometers.

Chief executive Robin Young expresses his delight on the license’ terms and conditions. He stated that the authorities give considerable leeway to advance the project as quickly and efficiently as possible.

“As we prepare for the detailed exploration, engineering and subsequent production stages of the project, we express gratitude to our team in Russia and the UK , to the Russian Government for their support of the company’s efforts, and to our shareholders, many of whom have been steadfast over the years in their belief that Kun-Manie is a highly substantial asset with a great future,” said Young.

Amur’s current success is met by celebrations from penny stocks investors who have long believed that the small company could go beyond exploration and become a substantial player on the global stage.

The company’s shares skyrocketed by 115 percent on news of the license approval.

Amur has been one of the best penny stocks to watch since it first announced its pre-production goals in 2014.

It now holds 100 percent of the rights to mine nickel, copper, platinum, palladium, cobalt, and other minor minerals from the Kun-Manie property.

In November 2014, Amur announced that the company’s application to conduct pre-production undertakings on the reserve had finally reached its last stage upon placing the request back in the same period. From there, the company made substantial steps to convince the government that it could really run a world-class mining project.

Young invited several government officials to personally present the ongoing infrastructure and technological developments at the Kun-Manie Reserve. This ended up in an agreement on continuous partnership, and, on the company’s end, a committed adherence to the country’s mining regulations.

Expert guide to home loan options

Getting a home loan can be a complicated process, but you can simplify it by gaining a little knowledge about the steps needed to navigate this task successfully and efficiently. Understanding your options is perhaps the best way to ensure that what you select is actually the ideal choice for your situation. Mortgages can be separated into different categories, including fixed rate, adjustable rate, balloon loans, FHA (Federal Housing Administration) loans, and VA (Veterans Agency) loans. Of course, other options exist for home loans. The ones listed here are just the common types that most people are able to qualify to obtain.

Understanding Different Types of Home Loans

Here is a brief explanation of the most common types of home loans:

. With a fixed-rate mortgage, the interest rate remains the same throughout the lifetime of the loan. It never changes.

. An adjustable rate mortgage offers an initial interest rate that is lower than what fixed-rate loans are featuring at the same time. After a pre-determined period of time, the interest rate increases, according to the terms of your loan agreement. As a result, monthly payments also increase.

. Balloon mortgages feature fixed interest rates with small initial monthly payments. At a predetermined point in time, the balance of the loan comes due.

. FHA (Federal Housing Administration) loans are intended for individuals who might experience difficulty obtaining a home loan in any other manner. The amount of money that can be obtained through this method is typically small.

. VA (Veterans Affairs) loans are designed for eligible active-duty service individuals, veterans, and surviving spouses. Although the amount of money that can be borrowed through this type of home loan is usually limited, required down payments are small or non-existent.

Interest Rates for Home Loans

Although interest rates offered by lenders are close in value, they differ sufficiently enough to make a difference not only in the cost of your monthly payment, but also in the amount of money that you end up spending over the lifetime of your home loan. Typically, you’ll want to compare the APR or annual percentage rates offered by the banks. The lowest percentage equals the smallest overall cost for the loan.

Getting a Loan

Each home buyer who is looking to get a loan must go through a few steps in order to become qualified. The first step is to figure out which type of loan you qualify to get. You can speak with a lender for assistance in determining that fact, or you can figure it out using your best judgement. The USA government provides a number of educational guides and useful tools related to obtaining mortgages for home buyers and homeowners. Perhaps one of the most helpful tools the site offers is the mortgage calculator, which can be used to help you figure out how much your monthly payments are going to be if you borrow a specified amount of money at a specific interest rate for a certain number of years.

Tips you need to know when buying a business

When you plan to purchase an existing business, it will result in saving you a great amount of time and money. On the other hand, buying a business can be considered as a commitment which changes your entire career as well as whole life. For people, who are planning to buy an existing business should carefully analyse both pros and cons, including its history, which is likely to create an impact on the future of your business.

As you make preparations for buying a business, it is very important to take into consideration certain important points which will help you in buying a business:

  • Due diligence: At the time of purchasing a business, you will own everything which comes with it, so it is best to carry out an online research ahead of time and know what you are getting for your investment as ROI. This type of research is termed as due diligence and it is often considered as a standard practice for people who are deciding to make a major acquisition. Therefore, it is very essential to know everything about your business right from its neighbourhood and its clients to the zoning restrictions of the office building and taxes it pays every year.
  • Challenges: Owning a business is not an easy task, as you have to understand about all the challenges you have to face, before diving in. Although, it is not possible to predict about everything, but yes, one can expect to work long hours and should be able to fulfill responsibilities which may affect their personal life to a great extent.
  • Educate your self: It is very important to have a wealth of experience pertaining to buying a business, therefore it is very important to acquire necessary knowledge and information regarding it. Having the right amount of knowledge regarding the buying process will help you to create the entire difference between buying the right business and avoiding the wrong one.
  • Organize your FinancesAt some point, you will be surely asked to produce a financial statement, so you should get the details together then and there. Further, you should list out all your assets and liabilities clearly and also outline its net worth.
  • Investigation: In order to buy the right business or franchise, it is very important to conduct a thorough investigation of the past activities, its current status, competition level, its operations and not to mention its future potential. It is important to accumulate this information and then you should determine how it suits your requirements.
  • Consult a business broker: It is very important to take the help of a professional business broker who will help you in the whole procedure of buying a business. Moreover, they will help you to deal with the whole process in a right and legal way. This will further help you to avoid any problems pertaining to the business at later point of time.

Thus, it can be said that when you buy a business, it is very important to follow the above given points to buy the right business for your purpose.

The ideal time to invest in real estate

People considering investing in real estate for the first time are often confused; whether, they are making a hasty decision, if this is the right time to do that or if it is worth all that money? Infact, such questions or confusions are always there in the mind of real estate investors, be it their first time or must have they been doing this quite some time now.

The problem is, the lure that is the potential for profit in investing is something that keeps on attracting investors but in the same time, a slight ambiguity at the back of their minds of this potential not being as productive always keep lurking around. Just like any investment, real estate has a fair share of risks and loss.

However, if you really want the results to be profitable, you should, as an investor, keep an eye on economic and market conditions. Also, the risk factor is always there all you need to do is find a way to manage things if they don’t work out. For all the investors who can’t seem to decide if this is the right time to invest, here are a few tips to help you understand and seize the ideal time and conditions to invest in real estate.

1.What this year holds?

When we study the trends of real estate market for the past few years and see what they indicate for this year, we realize there is a lot of optimism among investors for the year ahead. For investors, the good news is, there will be plenty of home sales (both new and existing).

2.Where and When?

Value of the property you are planning to buy depends mostly on where and when you invest in real estate. These are the major factors that will later translate the value and precision of your decision. As you look at the numbers, you realize the prices have taken an all-time high and this might prove to disappoint first-time investors, mostly. But the profit investors get has proven to increase in the past few years as well.

Here are a few tips for first-time investors:

·Look for Experienced realtors:

If you are new to the real estate, make sure you find someone, with enough experience to guide you through the whole process. These realtors know the ins and outs, up and downs of the market and can assist you in finding a promising property at an ideal location. Three things should go in your favor, when you are investing in real estate:

1.The market is steady and is going smooth

2.The location is ideal

3.The resale value or the potential selling points of the property

3. The risk Factor:

Like I said, risk in real estate is inevitable. It sometimes leads to a loss where you get nothing in return. To avoid all these risk factors you should properly study the market, the property you are investing in, the area, the cash flow, test and reports and then consider investing where the risk factor is minimum. If you solely want to own a property, consider buying the entity in your own name and keep things as simple as possible.

The most ideal condition to invest in real estate would be when the market is flourishing and there are minimal risk factors involved. Don’t compromise on your assets being gone down the drain and search out for a property that exists at an ideal location, in terms of living, selling or renting the property.

Why there is an asset bubble in Asia

Investors will have been interested to note that the Asia Pacific market declined last week, after data earlier in the day revealed that China’s economic growth was at its slowest rate in nearly six years. According to the National Bureau of Statistics of China (NBS), GDP rose by 7% in the first quarter of 2015, and this figure represented a slowdown from 7.3% during the last three months of 2014.

This is impacting heavily on stock market activity, while the Japanese Yen (JPY) is also weak, while the projected cuts to economic growth and inflation have also taken their toll. International investors will have also felt the impact of changing taxation laws, which have been implemented as part of widespread, political reforms.

The Laws of taxation and International Investment

The laws of taxation are constantly evolving, as political and social shifts trigger aggressive reforms. Nowhere has this been more pronounced than in the Asia-Pacific region, where a Presidential review has forced an overhaul of all existing legislation and triggered an increase in the overall rate of taxation.

This is misleading, however, as countries in this region still boast a comparatively low tax rate in the global market. The average total tax rate stood at 36.4% at the end of 2014, for example, with only the Middle East region boasting a lower figure. So while residents and business-owners in Asia and the South Pacific may now be required to pay more, they are relatively well-off within the global climate.

The Tax Rate for Overseas Investors

Despite this, the portents are not so rosy for overseas property investors. These individuals are forced to pay a significantly higher tax rate than domestic buyers in regions such as Singapore and Hong, for example, and this marks the Asia-Pacific area as the single most costly place for foreigners to invest their hard earned income. While some may claim that it is good practice for a government to offer tax relief to local investors while recouping this income from those overseas, there is a counter-argument which suggests that this is detrimental to the economy in the long-term.

If you take the current global economy, for example, property market saturation in London and similar metropolitan regions is forcing investors to look overseas. This creates opportunities in luxurious Asian-Pacific locations such as Singapore, Hong Kong and Australia, which could in turn drive wider economic growth and prosperity. The addition of a ‘foreign investor’ premium may deter wealthy individuals from considering this market, however, both in terms of the cost of housing and all subsequent tax levies.

Balancing Cost and Profit: How to Tailor your Investment Portfolio

If you are currently looking to diversify your real estate portfolio, higher levels of taxation do not necessarily mean that the Asia-Pacific market should be avoided. Your decision must be taken by balancing this premiums and additional costs in relation to potential returns, as you calculate both short and long-term gains and compare these with alternative markets. Be sure to take into account variable rates of tax and stamp duty across alternative nations, making accurate estimates before arriving at an informed decision.

In addition to this, you should also commit to partnering with an industry expert that can help you to manage your international assets. Investment management experts such as Shiznit Stocks provide a relevant case in point, as they specialise in identifying the best penny stocks to watch and can help investors to optimise the profitability of their portfolio. With expert guidance and an appreciation of costs, it is possible to profit even in international markets where investors are subjected to inflated premiums.

Using Equity Feed to dominate the markets

Are you an active day trader? If so then Equity Feed may be just what you need to get a new edge over the competition in the markets.

EquityFeed is a trading platform designed for active traders and day traders who want to fully utilize their time, discover the best penny stocks to buy, and maximize profits. The platform offers a comprehensive set of stock screening features, which are customizable to each user’s unique preferences.

Stock screening capabilities are powered by Equity Feed’s Filter Builder, an ideal tool for intra-day trading. The system allows the trader to select various analytics and view immediate results based on chosen criterion. The way EquityFeed states it, using the platform’s filtering system makes hunting for the best penny stocks “like shooting fish in a barrel.”

EquityFeed’s pattern recognition tool alerts traders to pertinent and profitable technical events like new highs and lows, volume and price breakouts, and block trades – all in real-time.

Users also have access to one of the industry’s fastest and most advanced news streamers, also loaded with powerful filtering features. This is real-time news at its finest. EquityFeed’s MarketView displays entire equity markets ranked and sorted according to user preference allowing for easy viewing of active stocks.

When you’re ready for more in-depth monitoring, EquityFeed’s Chart Montage is the way to go. After an interesting stock has been identified, the Chart Montage delivers real-time Level 1 data of the play’s technical indicators. It doesn’t stop there; EquityFeed’s Level 2 quotes display shows any stock’s order book with all the market makers who are lined up on bid and ask prices. It’s a play-by-play display of Level 2 action.

These are just several features within the EquityFeed platform. If you’re ready to spend less time while making more, sign up for a free 14-day trial to get started with the top penny stock alerts.

A modern debt crisis coming?

Economic developments play themselves out over time, structures reverse themselves and as this article finds itself in archives over the next few decades, monetary debt will have taken a new shape. The problem with debt as most who have incurred will point out is that it keeps incrementing and multiplying over time, up to the extent that you end up having almost to pay double or triple the amount you actually borrowed. The list of people who would complain of debt can be an enormous one, students for one are probably the most common ones who find themselves in debt around US owing the heavy tuition fees charged by most colleges.

Government Policies

The real problem with debt policies is the manner in which they end up hurting either the people in debt or the collectors. In the corporate side, loans are usually accumulated from multiple sources and as such the charges for bankruptcy usually follow with lengthy cases trying to figure out the nature of the bankruptcy and getting the payment out of the borrowing company. The potential for harm here is increased because of the possibility of fraud. So the answer has to be the bankruptcy law in which case the biggest problem for all collectors is aligning themselves as the first collectors or the secondary collectors.

Now this is where loan taking becomes truly complicated. In many cases the corporations in question are perfectly aware of their own financial sustainability, but still do not shy away from taking huge loans to fund or finance a few ongoing projects. Then as the payment period draws closer, the bankruptcy is declared which adds up being problematic for the creditors. The bankruptcy law entails that you cannot charge someone for payment once they have declared themselves as bankrupt. Such a law protects the loan takers but ends up mitigating the creditors.

Why those policies still can be dodged.

The problem with most loan takers is the lack of planning they execute whilst taking the loans which means from a legal front a lot of them have to resort to dodging the constrains presented to them. In most opinions, loan cases become so messy to deal with because of having trouble to understand the intent behind each expenditure, that ultimately resulted in the company or the individual going bankrupt.

The change in policies

A lot of the newer government efforts are now focused in creating enough options for the loan takers that enable them to payback what they owe without resorting to crude measures. These policies vary of course because, the difference in the kind of loans creates all the manner in which a person handles the legality of the debt.

Students across universities in the US are afforded the option of income based payment which takes in a periodical assessment of their monthly income and bases off a figure of payment for them based on the figure.

Meanwhile there are various credit reduction schemes that work across reducing the interest amount owed by converting it into a form of investment. For creditors, it works as a preference because it allows them to override their own amounts as bad debts. The concept of a creditor writing off the debt as a bad debt is the tricky issue. Government policies obviously have to cater to the creditors need as well which means the amount has to be returned in some form so when bankruptcy is declared, government tries to impose one value for all creditors so that the compensation is made in equal and full when the company is able to compensate.

What the public demands

The overall allure of penny stock alerts has to be criticized here. Many commercial debts are incurred purely because of a lack of control over what the person spends and how they spend it. If I do have $800 waiting in my pocket, I do not have to spend 7/8 of the amount on luxury items. Whilst the marketing is catchy, you still have to attach the responsibility with the buyer so the criticism is not inaccurate but cannot be used as an excuse to overlook the debts incurred. The government policies might simply be a band aid put on a huge gash, when debt dealing policies are concerned which ultimately brings forward the verdict that you have to simply spend your amounts more carefully and plan your investment a lot more wisely.