Are Bankruptcy And Debt Consolidation Different?

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Are you in a bad financial situation and looking for a legal way to get you out of it? If so, you’ve likely heard about bankruptcy and debt consolidation. These are two different ways to go about solving your financial issues, which is why it helps to know the differences between the two. Debt Consolidation When you use debt consolidation, you are essentially taking all of your existing debts and combining them together.…

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5 Things You Need To Do Before Filing For Bankruptcy

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If you are thinking about filing for bankruptcy, there are some things that you need to do as you prepare your paperwork and get ready to start the formal process. These things will help you prepare for the formal process and ensure your future financial success. #1: Take a Credit Counseling Course You are going to be required to take a credit counseling course before you are able to file for bankruptcy.…

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3 Facts About Chapter 13 Bankruptcy

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Before you sign the documents needed to file a Chapter 13 bankruptcy case, you must know what it is and how it works. Chapter 13 is a branch of bankruptcy, but it does not work the same as a Chapter 7 case. If you want debt-relief assistance through Chapter 13, it might be wise to know the following three facts before filing. It Does Not Offer an Instant Discharge The first thing to know about Chapter 13 is that it does not offer an instant discharge like Chapter 7.…

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