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Chapter 13 bankruptcy can be a good solution for someone with income or assets that has more debt than they can manage. Unlike Chapter 7 bankruptcy, the person filing won't need to sell their property to repay creditors. However, they will have to complete a repayment...
There are many ways to eliminate debt, and bankruptcy is just one of them. Depending on how much money you earn, the financial complexity of your case, and any legal issues that need to be addressed, other methods of debt relief could be a good choice. Be wary,...
Financially, you may be struggling, but if you’re working toward buying a home in the future, you may feel like seeking a bankruptcy is the wrong path for you. Even though your debts are at their peak and you’re having a hard time paying them back, you may feel that a...
Are you considering filing for bankruptcy under Chapter 13? One thing that you need to know is that more Chapter 13 bankruptcy filings fail than succeed. Those are the findings of a report published by the American Bankruptcy Institute. Based on figures between 2010...
If you are struggling to pay your debts, you might consider Chapter 13 bankruptcy. You may already know that unlike Chapter 7 bankruptcy, you get to keep your assets. However, it might surprise you to know that filing for Chapter 13 may also reduce the total amount of...
Every now and then, someone who could really benefit from bankruptcy says that they do not want to file because they’re afraid of having that black mark on their record forever. They worry that they won’t be able to buy a house, lease a car, get a new credit card,...
If you pull out the Monopoly board this Christmas, there is a good chance you will end up owing the bank money and have to watch as it takes away all of your property. For some of you, this may ring a little too close to home. The added expenses the holiday season...
You need to file for bankruptcy to get a fresh start with your finances. However, you don’t want to give up assets and property to pay off your debts as you do in a Chapter 7 bankruptcy. Instead, you just need for restructure your debt in to a workable repayment plan....
Most people already know that filing for bankruptcy will have an immediate, negative impact on their credit score and ability to secure future lines of credit. However, the exact impact of bankruptcy on your credit situation will vary depending on many factors. There...
Chapter 7 bankruptcy is arguably the most aggressive form of bankruptcy available to individuals dealing with unsustainable levels of debt. Without making an effort to repay their debts, individuals can theoretically discharge unsecured debt such as credit card...
