Effects of Bankruptcy on Credit & How to Fix It

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The bankruptcy laws exist to assist individuals who need a financial fresh start. In a Chapter 7 personal bankruptcy, debtors receive a discharge of some unsecured debts. Although a bankruptcy provides financial relief, it is important to understand that there are stigmas and effects. But a poor cre

What Is The Difference Between The US Trustee and A Bankruptcy Trustee?

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Bankruptcy has its fair share of legal vocabulary, and you may have already heard the term 'trustee'. Who is a trustee, and what's their role in bankruptcy? Does the US Trustee have anything to do with it? Learn about the differences here.

Bankruptcy - Why People Would File a Financial Distress Petition

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There are many reasons as to why people find themselves going to court to file a bankruptcy petition. Though many people tend to think that those who find themselves in such a situation are failures, the truth is that, there are many reasons why people would file a financial distress petition.

Is Disability Back Pay Exempt With a Bankruptcy in Oklahoma?

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If you are an Oklahoma resident searching for relief from your creditors, you can file for Chapter 7 or Chapter 13 bankruptcy. Both chapters of bankruptcy can be beneficial to you, depending on your particular financial situation. If your income falls below a certain level, which is commonly the cas

Managing Your Finances After Changing Jobs

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In your lifetime, you’ll probably experience the hassle of changing jobs at least once. The reason for changing jobs isn’t important. Perhaps you were let go because your company is downsizing.

Discharging Debts When Filing For Bankruptcy

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Those filing Chapter 7 bankruptcy almost always get a discharge. The law presumes the individual is entitled to a discharge. Only if a creditor or trustee challenges the entitlement to a discharge by filing an ...

What To Expect In Bankruptcy

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The bankruptcy process is not intended to be stressful for anyone, but people are often overwhelmed by the process. The main reason is that very few people have an accurate understanding of how the process works and what to expect along the way. Getting informed about the ins and outs of bankruptcy

What is the United States Bankruptcy Court?

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Contrary to popular belief, you cannot simply appear in the nearest town or city court and expect to fill out court bankruptcy forms. Instead, you must appear in a federal United States bankruptcy court which presides over these matters. Since the paperwork can be complicated, the laws are always ch

Discharging business, sales and property taxes in a bankruptcy case

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Discharging business, sales and property taxes in a bankruptcy case.

How to Write Off Bad Debt in a Chapter 11 Bankruptcy

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Chapter 11 bankruptcy gives a business the opportunity to reorganize. In the event that the business's debt far outstrips its value and earnings, Chapter 11 reorganization allows the business owner to walk away from the bad debts and the creditors take control of the business. Otherwise, the owner k

Bankruptcy FAQs and Facts

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Bankruptcy can be a complex process or an easy process depending on your personal assets, your income, your debts and what you know about the system. The little you know the harder bankruptcy can be.

Why Filing Bankruptcy Can Help You Borrow Money

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Will you be able to establish credit after bankruptcy? That depends on where you are shopping for your post bankruptcy loan.

Three Drawbacks of Bankruptcy - What You Should Know Before You Ever Step Inside a Bankruptcy Court

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In 21st century America, being buried in debt seems like the national pastime.So many people struggle to pay their bills and are looking for a way out of the financial mess.Bankruptcy is certainly one option to consider, but not without taking a look at the dangers.

Can I Keep My Home If I File Bankruptcy?

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One of the first questions people ask when they begin to explore their Denver bankruptcy options is, "Can I keep my house if I file bankruptcy in Colorado?" While this question cannot be answered without knowing the specifics of the situation, the answer is generally, "yes."

My Story... How I Became Debt Free

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Are you up to your eyeballs in debt? Are the Constant phoning and letters driving you to distraction? Do you dread every knock at the door? I know what you are going through, you have ...

Improving Your E-marketing

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Dealers of all sizes have increasingly switched on to the value of the web as a marketing medium, others have been able to take this a stage further by embracing e-marketing through e-mail and SMS activities.

When to Consider Filing Under Chapter 13 Instead of Chapter 7

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When To Consider Filing Under Chapter 13 Instead of Chapter 7

Is 2013 The Year To Invest In Shares?

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Investors are understandably looking closely at the Stock Markets as a home for their investments after the returns seen throughout 2012 and in the first weeks of 2013.

Can I Convert to a Chapter 7 Without Losing My House or Car?

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Several types of bankruptcy are available to consumers who need debt relief, including Chapter 13 and Chapter 7. If you start off in a Chapter 13 but lose your job or lose income during the case, converting to Chapter 7 might be an option, if you qualify. Whether you can keep your house and your car

The Length of a Chapter 13 Plan

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Chapter 13 bankruptcy involves an individual making repayments to creditors via the courts for a fixed period. Normally this period is three or five years depending on whether the individual's household income is lower or higher than the state median average respectively. A shorter repayment period