Bankruptcy

Filing Personal Bankruptcy? Bankruptcy Mistakes You Can’t Afford to Make!

Bankruptcy /

Filing for personal bankruptcy is a difficult decision for most people. But once you do decide to file, avoid these bankruptcy mistakes if you want to get a fresh start. To get the maximum benefit from your bankruptcy, never do the following prior to filing: Personal Bankruptcy Mistake #1: Do not treat relatives or business associates […]

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Is Debt Relief A Good Idea? 5 Things You Need to Know

Bankruptcy, Collection Agency, Debt Relief /

Debt settlement is one of the most common forms of debt relief. Debt relief can include bankruptcy, debt settlement, and debt management, but when individuals consider debt relief, many people consider that as debt settlement. If you can’t pay a collection agency the entire amount you owe on a debt, you may want to try to negotiate

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What is Chapter 7 Bankruptcy? 5 Things You Need to Know

Bankruptcy, Debt, Debt Relief /

Chapter 7 Bankruptcy, also known as liquidation bankruptcy, is one of the most common forms of bankruptcy in the US. It is called liquidation bankruptcy because, after filing for Chapter 7, a bankruptcy trustee will be put over all of your nonexempt assets and liquidate them to help pay off your debts. That said, many people find bankruptcy exemptions can help

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How Does Chapter 7 Bankruptcy Means Test and Income Limits Work?

Bankruptcy, Debt, Debt Relief /

Your income may play a major role in Chapter 7 bankruptcy qualification. The exact qualification can be complex given the following reasons: So, the income limits for Chapter 7 qualification is complicated. The goal of this article is to simply for the income limits for you and provide state articles that can provide further clarity. We will

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Understand Chapter 7 Bankruptcy Income Limits By State For Qualification

Bankruptcy, Debt, Debt Relief /

Your income may play a major role in Chapter 7 bankruptcy qualification. The exact qualification can be complex given the following reasons: So, the income limits for Chapter 7 qualification is complicated. The goal of this article is to simply for the income limits for you and provide state articles that can provide further clarity. How Chapter

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What Happens When I Get an Increase in Income Under Chapter 13 Bankruptcy?

Bankruptcy, Debt, Debt Relief /

Your increased or decreased income could affect your Chapter 13 bankruptcy. When filing a Chapter 13 bankruptcy case (not to be mistaken with Chapter 7), your household income may be considered when calculating your Chapter 13 plan payment. Most people rely on employment as their sole source of income. So, their Chapter 13 repayment plan is based on their

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What is Chapter 13 Bankruptcy? 4 Things You Need to Know

Bankruptcy, Debt, Debt Relief /

We have all had times where money has felt scarce and impending payments seemed overwhelming, and bankruptcy can seem daunting. Can it provide future solvency? Let’s find out. While we can usually come out from those circumstances unscathed, there are times when we have to admit that we need help. This may be one of those times, and

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Bankruptcy Exemptions

Bankruptcy, Debt /

Will I lose everything if I file for bankruptcy? No, you will not lose everything if you file for bankruptcy. Bankruptcy exemptions help protect at least some property. The Founding Fathers did not envision bankruptcy as a punishment for owing more debt than you can afford to pay. They understood that good people can go

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