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People who are currently drowning in debt may find that declaring bankruptcy is a very helpful financial planning tool. Bankruptcy gives you the financial breathing room you need by enabling you to get rid of (Chapter 7) or restructure (Chapter 13) your debts. A...
This is a question that is frequently asked at The Law Offices of Paul Y. Lee. The short answer is that yes, an “automatic stay” is enacted when you file for bankruptcy. It safeguards all you own and prevents creditors from pursuing you for payment. This...
When faced with mounting financial issues, people may rush to use all of their resources to make payments. It’s worth noting that this isn’t always the greatest choice. You should seriously think about all your choices, including bankruptcy, before using...
Are you struggling with a mountain of debt? Not to worry. You may create a strategy for paying off your debt utilizing some of these 5 essential debt management ideas as long as you have a steady source of income. If you have questions, or would like to talk to a...
Some obligations in bankruptcy are dischargeable while others are not, some of which are secured by collateral like a house or automobile. Recognize which loans go into which categories to safeguard your possessions and yourself. Because they are concerned about the...