Filing for Bankruptcy can Give You a Fresh Start

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1) Filing for bankruptcy can give you a fresh start If you are struggling with debt, filing for bankruptcy can give you the fresh start you need. When you file for bankruptcy, your debts will be discharged, which means you will no longer be responsible for repaying them. This can provide you with the financial…

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Surviving Chapter 7 Bankruptcy: Protect Your House and Mortgage

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Dealing with bankruptcy is never easy, but it doesn’t have to mean losing everything. If you’re facing financial challenges and considering filing for Chapter 7 bankruptcy, you may feel lost and unsure of how to protect your assets. Chapter 7 bankruptcy can provide financial relief for those who are drowning in debt and struggling to…

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How Chapter 11 Works

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A chapter 11 case begins with the filing of a petition with the bankruptcy court serving the area where the debtor has a domicile or residence. A petition may be a voluntary petition, which is filed by the debtor, or it may be an involuntary petition, which is filed by creditors that meet certain requirements.…

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How Chapter 7 Works

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A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is organized or has its principal place of business or principal assets. (3) In addition to the petition, the debtor must also file with the court: (1) schedules…

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