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3 Signs You Need to Hire a Bankruptcy Lawyer

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Getting overcome by your debts can be one of the most stressful situations in a person’s life. In most cases, by the time people/ companies realize they are too far in debt, it is usually too late for them to finance their debts with their incomes. In such a case, the best option is to file for bankruptcy to solve your financial problems.  Hiring a bankruptcy law attorney should be your first propriety when you realize you are way over your head in debt.…

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Why It Makes Sense To Hire A Bankruptcy Lawyer

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If you are buckling under debt and can no longer afford to keep up with your bills, bankruptcy may be the ideal solution. Some people think that they can handle a bankruptcy case on their own or may think that hiring a bankruptcy attorney is too expensive when already dealing with financial issues. However, if you are planning on filing for bankruptcy in the near future, it is always in your best interest to hire a bankruptcy attorney to assist you.…

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Should You Dismiss Your Chapter 13 Bankruptcy If You Can't Pay?

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It’s not unheard of for people to run into trouble making their chapter 13 payments. If you miss too many payments in a row, though, the trustee will petition the court to dismiss your case. You may be tempted to let that happen or request a dismissal yourself, but here’s why you should avoid that option. You’ll Lose Valuable Protections Chapter 13 bankruptcy offers a number of benefits, but the most important one is the automatic stay.…

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The Job Of A Chapter 7 Bankruptcy Trustee

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Are you about to start the Chapter 7 bankruptcy process? If so, you’re likely wondering what the responsibilities are of the bankruptcy trustee. Here are three of the things that they will be responsible for throughout your bankruptcy case.  Trustees Identify Assets For Liquidation One of the primary things that the trustee is going to do is identify all of the assets that you have that are eligible for liquidation. You have plenty of debts that need to be paid off, and part of Chapter 7 bankruptcy is paying off as many of those debts as possible.…

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What Happens To Your Debt In A Chapter 7 Bankruptcy Case?

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You might be looking for a way out of debt right now. If so, there is good news. You can use many programs for this purpose, and one option is Chapter 7 bankruptcy. Bankruptcy is not an event that will leave you completely debt-free, but it can make a significant difference with your debt load. Here is an explanation of how Chapter 7 treats debts and information about what will happen to your debt if you file.…

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Finances Out Of Control? Two Reasons To Go See A Bankruptcy Attorney

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Financial troubles have a way of really getting under your skin. You may find yourself cringing each time the phone rings because you worry there will be a bill collector on the other end of the line. Each time you try to drift off to sleep you may have a mental reminder of the debt that is slowly but surely creeping up and threatening to hurt your financial situation. If you are tired of dealing with the stress of monetary problems on your own, it is time to book an appointment with a bankruptcy attorney.…

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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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Questions To Consider Before Pursuing Bankruptcy

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There is no doubt about it – filing for bankruptcy is a big ordeal. As a result, people that consider filing should ask themselves some vital questions before pursuing bankruptcy. If you are on the verge of using bankruptcy for debt relief, here are some essential questions you should ask yourself before you file. Can You Use a Different Method to Get Out of Debt? As you ponder this decision, it might help to consider alternative ways out of debt.…

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