FORECLOSURE NOTICE: WHAT ARE MY OPTIONS?
Option 1 Be an Ostrich The word foreclosure is very scary for most individuals  But there comes a time when things are getting difficult for you and paying the mortgage takes a big chunk out of your small paycheck. The credit card companies are calling six times a day, sometimes even calling your job, or…

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Will I lose My Stuff if I File for Bankruptcy?
In a Chapter 7 bankruptcy, a debtor’s assets are sometimes seized and used to pay back a portion of their debts. However, some assets are exempt, meaning they cannot be seized by the court. This tends to cut down on time and paperwork in your bankruptcy filing, but first, one must determine what assets are…

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How To Get Rid Of Your Credit Card Debt
When an individual files for bankruptcy, they often have questions about what they can and cannot get rid of in terms of debt. Credit card debt is the number three cause of bankruptcy in the United States, and it is important to understand what is dischargeable under the terms of Chapter 7 or Chapter 13…

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Should You File Chapter 7 or Chapter 13 Bankruptcy?
If you are considering filing bankruptcy, this is probably not the happiest time in your life. You are probably worried and unsure of exactly what to do, and which kind of bankruptcy you should file, if any. It is important that you understand that the bankruptcy laws are federal laws that govern in all 50…

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Reopening a Bankruptcy Case
Oops, did your forget something important in your bankruptcy case? Fortunately, it is usually possible to reopen a bankruptcy and attempt to “fix” what went wrong. Often a case is reopened when a procedural error occurred, including: failing to timely file your counseling certification (Official Form 23) failing to name an essential creditor failing to…

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Bankruptcy And Retiremant Savings
One of the biggest concerns most people have when filing for bankruptcy is what will happen to their retirement assets. As you get older, the fear of losing your retirement savings can keep you up at night. A good bankruptcy attorney can help set your mind at ease and work with you to set up…

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Can You Discharge Debts Owed To The Government
Many people are under the impression that if you owe any kind of debt to a federal authority, it is non-dischargeable in bankruptcy. This is not always the case. Like any other debt it depends on what type of debt it is, not who the creditor is. It can be very helpful to have an…

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Self Employment And Bankruptcy: What You Should Know
Filing for personal bankruptcy is difficult enough when you have a job at a regular employer. When you are self-employed, it can be infinitely harder. You will need a lot of records and information to make sure nothing has been omitted, and because of that a bankruptcy attorney may be worth their proverbial weight in…

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Did You Personally Guarantee That Loan
Did you Personally Guarantee that Loan? When you are filing for Chapter 7 bankruptcy, one question is constantly on your mind whenever you are discussing any one of your debts: is it dischargeable? Very often, the answer is yes, but only under certain conditions. Personal guarantees are no exception. Given that they can be somewhat…

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Chapter 13: The Road Less Filed
Chapter 13: The Road Less Filed Most bankruptcies today are filed under Chapter 7 of the federal Bankruptcy Code. However, If you make too much money to qualify, you may have to file under Chapter 13. Many people are not familiar with Chapter 13 requirements, which differ noticeably from Chapter 7. There are certain advantages…

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