While filing for bankruptcy is made as simple a process as possible for a person whose debt has become unmanageable, things behind the scenes are a little more complex. When a person files for bankruptcy, a debtor’s assets are turned into what is known as a bankruptcy estate, which becomes a separate legal entity from […]

If you are filing either a Chapter 7 or Chapter 13 bankruptcy, after you meet with your attorney and go over all your financials, another meeting will be held to give creditors an opportunity to determine how much – if any – money they are going to recoup after you file. Named because the meeting […]

Declaring bankruptcy can be incredibly stressful, and many people who do it can feel as though they have let themselves and others down. However, it is essential to remain positive, and focusing on the advantages that filing for bankruptcy brings can help lift a person’s spirits and enable them to see that they’ve made a […]

Filing for Chapter 7 bankruptcy is an option for people who can no longer keep up with repayments on bank loans, credit cards, and so on. If a person ends up in a situation where their debts are out of control and they do not earn enough income to cover the repayments, they may decide […]

Declaring bankruptcy can be incredibly stressful, and many people who do it can feel as though they have let themselves and others down. However, it is essential to remain positive, and focusing on the advantages that filing for bankruptcy brings can help lift a person’s spirits and enable them to see that they’ve made a […]

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