Search Results for "individual bank"

Debt and credit

Bankruptcy 911: Steps to Take

Not only does filing for bankruptcy often carry with it a certain social stigma, but it is a painfully drawn out process as well. Whether an individual or family is looking to liquidate all assets through a Chapter 7 filing, or adjust their debts with a repayment plan via Chapter […]

Taxes

Taxes and Bankruptcy in the News

Not long ago the comedian known as Sinbad (a.k.a David Adkins) filed for bankruptcy. ABC News reports that Sinbad failed to pay state and federal taxes in the past and, as a result, was forced to seek bankruptcy protection. This will be Sinbad's second bankruptcy filing, the first one occurring […]

Focus On Your Finances
Management

What is an Anti-Money Laundering (AML) Verification?

In the complex world of finance, ensuring the security and integrity of transactions is paramount. One of the key measures employed to maintain this integrity is Anti-Money Laundering (AML) verification. AML verification is a crucial process used by financial institutions and other regulated entities to prevent and combat money laundering […]

Accounting

Should You Open a Zero Balance Account?

In the quest for wallet-friendly banking solutions, individuals are always seeking ways to optimise their finances. As a result, the concept of zero-balance accounts, especially zero-balance savings accounts, has gained significant traction in India. These accounts are ideal for individuals seeking hassle-free banking with no minimum balance requirements. Let’s delve […]