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Chapter 13 Bankruptcy Basics: What To Know

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Filing for bankruptcy is never an easy decision, but choosing which type of bankruptcy to file does not have to be as difficult. In fact, when you are looking for a solution that allows you to repay your debts under a different repayment schedule, Chapter 13 might be the solution you need. The more you understand about the Chapter 13 process and the expectations, the easier it will be for you to succeed. Read More»

How To Handle A Bill For Back Taxes?

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Did you fail to file your taxes a few times? If you don’t file your taxes, the IRS will know and might come after you for the taxes you owe. Having the IRS hounding you for taxes isn’t a great place to be, as they can use various techniques to collect this money. So, what should you do if you owe money for back taxes? Here is a guide to help you know what you can do about it. Read More»

What Are The Consequences Of Having A Bankruptcy Discharge Revoked?

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Many people think their bankruptcy journey ends once they receive their discharge papers. Unfortunately, that’s not always the case. Sometimes the court will move to revoke a petitioner’s discharge over claims the person committed fraud, hid assets, or engaged in some other prohibited act. Here’s what can happen if the court successfully cancels a debtor’s bankruptcy discharge. All Bills Become Due Again The most devastating outcome of having a discharge revoked is you lose the protection from creditor collection action it provides. Read More»

3 Facts About Chapter 13 Bankruptcy

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If you owe a lot of money on various debts, you might reach a point where you cannot afford to pay all your bills. You might start skipping some payments, and you could fall behind on your mortgage payments. If this occurs, you should consider using Chapter 13 bankruptcy for relief. Here are three facts about Chapter 13 to help you understand how this branch works. 1. It Offers a Legal Way to Consolidate Debts Read More»

What Are The Requirements For Using Chapter 13 Bankruptcy?

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Using bankruptcy is one way out of debt, but there are several branches you can use. One option is Chapter 13, and this branch works well for some situations. If you are interested in finding relief from debt through this branch, you will need to know several things before using it. First, you should learn about the requirements for Chapter 13. Next, you should determine if this branch is right for you. Read More»

Is Filing Chapter 7 The Right Choice For You?

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Figuring out how to file a bankruptcy petition means also identifying what sort of bankruptcy you’d prefer to go through. Under Chapter 7 bankruptcy law in the U.S., petitioners have the right to ask that their assets be liquidated to satisfy the demands of creditors. If you’re not sure whether this is a good choice for you, here are three things to consider before you file. Will You Be Financially Wiped Out? Read More»

Why Filing For Bankruptcy After A Divorce Could Cost You Your Home

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Filing for bankruptcy is not an easy decision. Most people do not come to this decision lightly, and many who choose it are already coming out of another messy situation – divorce. If you are divorced and realizing that you cannot financially make ends meet and your burden of debt is too much, you can consult with a bankruptcy attorney. Just be aware that if you are the one that received the house in the divorce, you may lose it entirely during a bankruptcy. Read More»

5 Signs You Should Talk To A Bankruptcy Attorney

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It’s no secret that when someone is completely broke without any way to pay their bills, filing for bankruptcy is often the only way out. However, determining when you’re really broke and otherwise helpless is not as easy as you might think. Many people wonder for years whether they’re at the point where they should file for bankruptcy. However, if you recognize these five signs in yourself and your finances, it’s time to talk to a bankruptcy lawyer. Read More»

Why You Should Choose Chapter 13 If You Want To Stop Foreclosure

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If you are struggling to pay your bills and are worried your mortgage lender is going to foreclose on your house, filing for Chapter 13 bankruptcy might be the best option you have if you want to stop this from occurring. Here are three things to understand about bankruptcy and how it affects a foreclosure. Chapter 7 Does Not Stop a Foreclosure Generally, when you file Chapter 7, you will be allowed to keep your house if the following two conditions exist: Read More»

Don't Fall Victim To Debt Consolidation Loan Scams

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When you have debts hanging over your head and creditors calling, the pressure can feel almost unbearable. Unfortunately, there are predators out there who know that you’re feeling the pressure – and they don’t mind using your feelings against you. If you fall victim to a debt consolidation scam, your financial situation will just go from bad to worse. Here’s how to spot a debt consolidation loan scams when you see them: Read More»