Monthly Archives: November 2015

How You Can Decide If Filing For Personal Bankruptcy Will End Your Worries

How You Can Decide If Filing For Personal Bankruptcy Will End Your Worries

How You Can Decide If Filing For Personal Bankruptcy Will End Your Worries

Are you feeling stressed about all of your bills? Think that you might have to file for bankruptcy? Well, bankruptcy does not have to be an option for you. There are many things you can do to avoid going bankrupt. Do what is best for you and your family and read this article to figure out how to avoid bankruptcy.

Make sure that you have all of your financial paperwork with you when, you go to meet with your attorney about bankruptcy. They should tell you what you will need to bring. Generally, the paperwork will include car loan documents, home loan documents, and various financial records like credit card bills.

See what you can find out. Each state does have varying laws on the subject of bankruptcy. Because of this, it is important that you meet with a specialized lawyer to discuss whether bankruptcy is right for you. Generally, initial consultations are free to you so you are able to determine which path you should head down at no cost. Continue reading

What is a financial spread bet?

Put simply, a financial spread bet allows you to speculate on rises and falls in the financial markets.  You can profit, or incur losses, for each point change matching the direction you predict the markets will move in.

Financial spread betting offers a number of benefits that traditional trading can’t provide, like not having to own the underlying asset which you’re trading (e.g. a share in Apple). You can place financial spread bets on thousands of global shares, indices, bonds and securities without ever having to deal directly with the markets.

What is spread?

As a trader on any derivatives market you are offered two prices either side of the underlying market price: the buy price and the sell price. The difference between these two prices is known as the spread.

For example, the underlying market price for the UK100 index is at 6500 points. Currently the bid price for this market is 6499.6 and the offer price is 6500.4. The difference between the bid and offer (6500.4 – 6499.6 = 0.8) is known as the spread.

The size of a spread is important because it is essentially the amount you are charged for every trade you make, there is no commission charged in spread betting. The tighter a spread is reflects how quickly you can start to realise profits, or losses, from the market you are trading.

How does a financial spread bet work?

A financial spread bet comes down to you predicting whether the market you are trading will rise or fall. If you are going long in the belief a market will rise, your bet will open at the offer price. Your profits will increase with each point rise above the level you entered the trade.

If you believe the markets will fall and choose to go short, your bet will open at the bid price.  Assuming the markets behave as you predicted, your profits will increase with each point the market falls below the price you entered the trade.

Using the UK100 example above, you speculate the UK100 will rise and go long (open a buy position) with a stake of £10 at 6500.4. As you predicted, UK100 rises 10 points to a bid/offer of 6509.6-6510.4. At this point you decide to close your position and sell at the bid price of 9509.6. Because you bought at 6500.4, you have increased your position by 9.2 points.  9.2 points multiplied by your stake of £10 gives you a tax-free profit of £92.

You will incur losses in line with each point change in the event that the markets move in the opposite direction to your position.

What are the benefits of financial spread betting?

Tax-free: Any profits you make from spread betting are exempt from UK Capital Gains Tax and UK Stamp Duty. This may be dependent on personal circumstances and tax laws may change.

Leveraged: One of the key benefits of a financial spread bet over traditional trading is that it is a leveraged product. This means that you only have to deposit a percentage, or margin, of the total notional value of your bet. This margin requirement is typically between 0.5% and 4% of the potential value of your trade.  Leverage can also work against you if the trade does not work out as expected so you need to understand this risk carefully.

 

Go long or go short: By taking a sell position, you can profit from a fall in the value of a market. Unlike traditional trading, you can always stand to profit no matter which way the markets are moving.

www.corespreads.com

Risk Warning: Spread bets and CFDs are leveraged products. Losses may exceed deposits.

 

Understanding What To Expect When You’re Going Through A Bankruptcy

Understanding What To Expect When You're Going Through A Bankruptcy

Understanding What To Expect When You’re Going Through A Bankruptcy

Bankruptcy is something no one wants to experience. However, some situations in life are simply beyond our control. Once debt reaches a certain level, bankruptcy may be the only option. If this has happened to you, then use the advice in this article to move forward with your life.

One of the best ways to learn more about the bankruptcy process is to hit the Internet and look up reputable bankruptcy websites. The United States Department of Justice and American Bankruptcy Institute are both sites that provide free advice. The more you know, you can be confident you are choosing the right thing and that you are taking the right road to make sure your bankruptcy proceeds as easily as possible. Continue reading

Why Personal Bankruptcy Is The Best Option For Some People

Why Personal Bankruptcy Is The Best Option For Some People

Why Personal Bankruptcy Is The Best Option For Some People

As you probably know, the economy is in the toilet. With a recession comes an inevitable increase in unemployment and personal debt levels. For a lot of people, filing for bankruptcy is the only logical solution. This article can help you or someone you care about if bankruptcy is a consideration.

One you realize you are in financial trouble and have decided to file for personal bankruptcy you should move quickly. Waiting to the last minute to file bankruptcy can cause a number of issues. You may face negative repercussions such as wage or bank account garnishment or foreclosure on your home. You can also not leave time enough for a thorough review of your financial situation, which will limit your available options.

You should look into and understand which debts are eligible to be written-off under bankruptcy. There are certain loans, such as student loans, that do not qualify. By understanding which debts you can write-off, you can make a better decision when trying to figure out if bankruptcy is the right choice for you. Continue reading