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A person’s car will more than likely be one of the final pieces of property that a bank or the IRS will...
Knowing when to start filing for bankruptcy and how to plan for bankruptcy are very important...
Bankruptcy Claim Statistics in the US by a person's age, ethnicity, income, education, marital status...
Contributed by: Joshua A. Sutterfield
Thousands of homeowners continue to look to the go...
Contributed by: Joshua A. Sutterfield
Filing for Chapter 7 bankruptcy relief can seem li...
Contributed by: Anthony Vamvas
A lot has been made of the recent changes to the U...
Contributed by: Eddy Hsu
Generally, the 341 Meeting of Creditors is a requi...
Filing for Chapter 7 Bankruptcy is a way for Debtors to get a "Fresh Start" and have debts eliminated. This type of Bankruptcy is also called a "Straight Bankruptcy" or "Liquidation Bankruptcy" because assets will be liquidated in order to pay off as much debt as possible.
For debtors who are incapable of repaying debts, and eligible for chapter 7, this is the most common option. Chapter 7 allows the debtor to relieve themselves of the burden associated with having a large amount of debt. It stops harassing phone calls from creditors, eliminates most debt, and eases...