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Comparing Chapter 7 and Chapter 13 Bankruptcy
by Jon Arnold.Sometimes situations arise when you can no longer pay your bills. Although you may have the best intentions of paying off your debt, you simply may not have the means to make this happen. When you can no longer pay your bills, you may need to consid...
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Debt Consolidation And Types Of Bankruptcy
by Legal Helpers.Choosing Between Bankruptcy And Debt ConsolidationWhen contemplating filing for bankruptcy, do not overlook the option of seeking a debt consolidation plan to pay off outstanding balances on the bills. Understand, there is a difference between debt c...
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Student Loans And Bankruptcy
by Legal Helpers.Student Loans Often Remain Following BankruptcyOne question many former students have when considering filing for bankruptcy is how their student loans will be handled. In a majority of cases, student loans for college are not dischargeable under ban...
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Chapter 7 Or Chapter 13 Bankruptcy
by Legal Helpers.A New Beginning With Bankruptcy - Chapter 7 BankruptcyNo one ever expects it to happen but everything get out of control and you are in debt far over your income. No one wants to think about filing bankruptcy but sometimes you just don't have a choic...
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Getting Around The Bankruptcy Option
by Benedict Smythe."Money, money, money. Must be funny in a rich man's world". Very aptly put by ABBA, money is meant to be spent. It is the source of pleasure and gratification of many people . Indiscriminate spending may be the inclination of the Bill Gates of the wo...
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Bankruptcy Mistakes To Be Avoided
by Benedict Smythe.Statistics disclosed that every second man in United States is troubled with unpaid debts. It is not an uncommon occurrence to see people, debtors and creditors' alike filing for bankruptcy proceedings. Although many solutions are available, solving ...
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Individual Voluntary Arrangement- A Bankruptcy Alternative
by Benedict Smythe.Many factors could have caused a person to be overwhelmed by huge debts, debts that accumulated and became impossibly hard to pay with the current income. This hopeless financial situation could lead people to take bankruptcy as an option. Bankruptcy...
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Scams After Bankruptcy
by Benedict Smythe.Money is much needed by billions of people today. It becomes the prime mover of many things especially in making the lives of the people more comfortable. In life, having huge amount of money would enable an individual to do many things in a snap, fa...
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Situations That Leads To The Filing For Bankruptcy
by Benedict Smythe.In the financial world, one thing lingers to be perpetually true- that is filing for bankruptcy should always be considered as the last resort. Bankruptcy has become a common word especially in the financial world where many people strive to make the...
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How to Refinance Even After Bankruptcy
by Jon Arnold.If you have filed for bankruptcy in the past, then you already know how difficult it can be to get a refinance loan or a home equity loan. But if you are willing to take the time to dig a little deeper into the topic, you may be surprised at the num...
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Bankruptcy May not be the Right Answer for you
by Jon Arnold.Most consumers who are looking at a mountain of overwhelming debt as well as students who have graduated from college and needing to start paying back that huge amount of student loan debt may be considering bankruptcy to wipe the slate clean and sta...
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Avoid Bankruptcy With Our 10 Top Tips
by Wade Robins.Many people want to know how they can avoid bancruptcy, it can be a difficult question to answer, especially when you have to consider the individuals unique circumstances. This article is going to try to give you the ten best ways to help you avoid ...
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The Pros and Cons of the Bankruptcy Option
by Robert.Being insolvent is one of the worst situations a person can find himself in. The threat of foreclosures, or losing one's home and valued possessions looming over one's head would cause sleepless nights. This predicament would force a person to grasp ...
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What The Bankruptcy Is And How To Prevent It
by Alex Olson.Bankruptcy is a legal process that is regulated by federal laws to give people that are in debt a needed fresh start. Ok, that would be most anybody; we are all in debt in one way or another. Bankruptcy cancels the debt that you owe. Bankruptcy also ...
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Debt That Cannot be Discharged Via Bankruptcy
by Jon Arnold.In the same manner that certain assets are typically not included as part of a consumer's chapter 7 or chapter 13 bankruptcy filing, there are also certain types of debt and financial obligations which cannot be discharged via bankruptcy. These types...
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An Inside Look at Chapter 13 Bankruptcy
by Jon Arnold.When a consumer is considering bankruptcy, the usual way to file it is to use Chapter 7 bankruptcy but in some cases it makes more sense for the consumer to file under Chapter 13 bankruptcy law. All bankruptcies, regardless of which chapter is filed...
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Find Out Which Assets are Exempt in Bankruptcy
by Jon Arnold.You need to be very careful when you are listening to "common wisdom", since much of that is rooted in fact that has long since ceased to be accurate, or is "fact" that started as an assumption but is not based in reality. This is particularly true ...
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Insights Into Chapter 7 Bankruptcy Law
by Jon Arnold.When an individual consumer, not a business or corporation, is looking to file for bankruptcy, it is almost always most appropriate for them to either file under Chapter 7 bankruptcy law or Chapter 13 bankruptcy law. The majority of consumer bankrup...
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Looking at the Bright Side of Bankruptcy
by Jon Arnold.Is there a bright side to bankruptcy? Yes there is, although bankruptcy should still be considered your option of last resort, and the bankruptcy option only employed after you have thoroughly investigated all other options and alternatives. There ar...
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Understanding the Advantages of Bankruptcy
by Jon Arnold.Even with the new bankruptcy laws, filing for bankruptcy can provide some advantages, if done correctly in the right situations. Bankruptcy has historically been viewed as a financial mechanism where one can wipe the slate clean and start over, based...
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How To Asses Bankruptcy Petition Cost
by Apurva Shree.Assessing the filing bankruptcy cost is an important step if you are on the way to file a court petition for bankruptcy. Since you are filing for bankruptcy, it is a clear indication that you are in a deep financial trouble and the debts that you owe...
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Bankruptcy Law - How the Changes Affect you
by Jon Arnold.If you are considering bankruptcy, you need to be aware of the recent drastic changes in the bankruptcy laws. It used to be that a person could file bankruptcy almost on a whim, simply to get out from under a huge burden of financial obligations. The...
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Get the Straight Facts About Bankruptcy Law
by Jon Arnold.There used to be a time not that many years ago where one could file for bankruptcy at the drop of a hat, just because they wanted to. In the majority of cases, there did not even need to be a real financial need to do so, but with the very lax bankr...
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Michigan Bankruptcy - Walk Away With Debt
by James Arther.Michigan bankruptcy laws are not different from Las Vegas bankruptcy laws as both falls under chapters 7, 9, 11, 13. Under chapter 7, though the loan is totally waved off but still you are responsible for child support, alimony, student loans, fraudu...
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Use Debt Consolidation Loans Before Considering Bankruptcy
by Jon Arnold.Although it is difficult to explain, some people seem to be very good at getting further and further into debt, and not seeming to make any headway towards getting on top of their financial obligations. Many times, this starts with a person when they...
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