Unlike debts that instantly change one’s finances, credit debt often starts out small and gets larger over months or years, until the debtor cannot pay on the debt’s principal and afford a reasonable living standard at the same time. Those who face credit card bankruptcy often feel demoralized by what they see as their bad […]

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For those who face bankruptcy, knowledge about bankruptcy is the best medicine for relieving the fear and anxiety that surround the bankruptcy process. Below, we list some common bankruptcy questions and answers to help you plan for bankruptcy and its wake. 1. What Happens in Chapter 7 Bankruptcy? In Chapter 7, the debtor liquidates non-exempt […]

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For those whose lives are ruled by un-payable debt, bankruptcy provides a path back to financial stability. But it doesn’t come without a price. Although bankruptcy discharges debt, it can also make it difficult to receive good credit cards and loans, the latter of which can temporarily keep filers from purchasing necessary housing and transportation. […]

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One of the biggest fears of filing for bankruptcy is losing one’s house. However, bankruptcy law is not designed to strip debtors of their residence. What becomes of your residence when you file for bankruptcy depends partly on your financial situation, which influences what type of bankruptcy you declare: Chapter 7 or Chapter 13. Can […]

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If you know that you’re headed for bankruptcy, you should seek bankruptcy legal advice as soon as possible. Because fear of bankruptcy creates anxiety, debtors often seek advice from the most accessible sources. However, there are certain sources to avoid as you seek advice on bankruptcy. Below, we list some dos and don’ts for seeking […]

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