If I File Bankruptcy Will I Lose Everything I Own?
Mar 08, 2013
Clients are often concerned about whether they will lose any of their property when they file bankruptcy. However, most people that file bankruptcy do not lose any of their property. Maybe because Chap...
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Can I File for Bankruptcy?
Feb 26, 2013
In a manner of speaking, yes, anyone can file for bankruptcy. What chapter of bankruptcy you qualify for depends on your specific situation. In October 2005, a massive change took place in the U.S. ban...
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How do I know if I Qualify for a Chapter 7 Bankruptcy?
Feb 25, 2013
Determining whether or not a person can qualify for a Chapter 7 bankruptcy is one of the most complex areas of consumer bankruptcy. The means test is used to determine who can file for Chapter 7 bankr...
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Can Bankruptcy Help with my Underwater Car?
Feb 25, 2013
Absolutely, bankruptcy can help if you owe more on your car than it is worth. Lets take a look at how it can specifically help.
Chapter 7 722 Redemption:
Filing for Chapter 7 bankruptcy can allow yo...
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Can I Include My Student Loans in Bankruptcy?
Feb 20, 2013
Generally speaking student loans are not dischargeable in bankruptcy. The US Bankruptcy Code at 11 USC 523(a)(8) provides an exception to bankruptcy discharge for education loans. However, student loan...
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Does My Spouse Have to File Bankruptcy? What If We Are Considering Divorce?
Feb 20, 2013
It is legally possible for a married person to file bankruptcy individually but there are several issues that you need to be aware of especially if you live in a community property state. Community pro...
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Chapter 13 vs. Chapter 11
Feb 20, 2013
There are many similarities and many differences between Chapter 13 and Chapter 11 of bankruptcy. Chapter 13 bankruptcies are available for individuals and sole proprietorships but not corporations. Ch...
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Do I have to go through a credit counseling course to file bankruptcy?
Feb 20, 2013
Beginning in October 2005, everyone filing for bankruptcy must go through a government-approved credit counseling program before filing bankruptcy.
Who Must Complete the Credit Counseling Course?
Gen...
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I Filed Bankruptcy in the Past, Can I File Again?
Feb 19, 2013
Yes, you can file bankruptcy even if you have filed in the past; however, there may be a required waiting period you must first meet before you can file again. The waiting period depends on what chapte...
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Secured vs. Unsecured Loans
Feb 18, 2013
Unsecured Debt
Unsecured debt is debt that is not guaranteed or backed by any collateral. Essentially this means that if you default on an unsecured debt there is nothing that the creditor can take fro...
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