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“He couldn’t sleep again last night,” my aunt told me when I see her during lunch today. According to her, my uncle is at the edge of bankruptcy as his business has gone downhill since the recession hits the country a couple of month ago. Now they couldn’t even pay off their debts every month [...]

It was not my intention to get in debt over my head. When my father passed away we had to spend a lot time with my mom and moving her into a care facility was very expensive. The first thing I knew the bills had built up and I could no longer meet the payments. [...]

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A gradual recovery in Europe isn’t expected until sometime towards the end of 2009, says the International Monetary Fund (IMF). Here in the United Kingdom, the IMF says, our GDP (Gross Domestic Product, a measure of economic activity) is expected to drop next year. That means tough times for the nation as a whole – [...]

There are more contracts being entered into every day’s life than many people have realized. A contract is a binding agreement between two or more parties for performing, or refraining from performing, some specified act(s) in swapping for lawful consideration. Breaching a contract can arise when a party fails to perform on time, does not [...]

A business contract is an interchange of any promise or a set of promise between 2 or more parties (E.g.: Business partners/Customers) to do or prevent from doing an act which is enforceable in a court of justice. Any party who breached the contract may be wrong and liable to pay for compensation. It is [...]