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Choose A Great Bankruptcy Attorney Overwhelming amounts of debt can be frustrating, humiliating, and demoralizing. One of the best ways to get a fresh start for a better financial future can sometimes be declaring bankruptcy. Two of the most common types of bankruptcy...
While declaring bankruptcy is definitely a life-changing event, it doesn’t need to ruin your life and it definitely doesn’t need to ruin your future. Actually, bankruptcy laws were put into place so that people could have a chance at a fresh start. Sometimes...
Saving Your Car in Bankruptcy When you file bankruptcy, it is also important to compile a list of property that is “exempt.” An exemption allows you to keep certain belongings even though you are declaring bankruptcy. The way your property will be handled is different...
The decision to file bankruptcy is not an easy one. There are many questions to be asked and considerations to be made. However, with the ongoing persistence of debt collectors, and the ever present inability to get on top of payments, there comes a time when...
Overview Of Chapter 7 Bankruptcy If you are contemplating filing bankruptcy, it is important to know which type to file. Chapter 7 Bankruptcy, which is also known as “liquidation” is one of the most common types of bankruptcy filed today. Chapter 7 is generally very...
Step By Step Guide To Bankruptcy Proceedings You may be in a position where your financial burdens have become too heavy for you to bear alone and bankruptcy seems to be the only option left. Once that decision has been made, you’ll find that there is a lot of work to...
I’m often asked what happens to your home after the foreclosure is stopped? There are usually two options: Option One: A Chapter 7 Bankruptcy Buys You Some Time. It’s a Temporary Relief but Sometimes – All You Need. A Chapter 7 “straight bankruptcy,” is...
If your family income is more than the “median family income,” you may still be able to file under Chapter 7. The “median family income” within a particular state is the dollar amount at which half of the families in that state make less, and half make more than that...
Whether you are a business or individual your bankruptcy case becomes much more difficult if, and when, you have an aggressive creditor. Many creditors accept the fact that when you file bankruptcy, you are doing so for good reasons and not for fraud...
Bankruptcy may still be an option even if you cannot discharge the debt. The most obvious example are taxes. Taxes are an all too painful reality for most of us. We withhold our taxes from our wages but sometimes it’s not enough. We pay and continue to pay,...