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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: Eddy Hsu
One of the biggest myths of bankruptcy is that the...
Contributed by: Laura Neville
Sometimes debt becomes overwhelming for individual...
Contributed by: Eric Forte
One of the first questions from all of my clients ...
Contributed by: Charles Lilley
Every debtor has their own unique set of circumsta...
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...