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How Bankruptcy Stops Your Creditors

One of the biggest annoyances of dealing with debt is having to handle creditors and their collection actions or civil lawsuits. Aside from providing you with a fresh financial start, one great aspect of filing for bankruptcy is the automatic stay. This court order immediately stops most collection actions against your property by a creditor,……
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Is Bankruptcy Right for You?

Bankruptcy is not for everyone, plain and simple. While it might be advantageous for some, it may not be right for you and your financial needs. When deciding if bankruptcy is right for you, ask yourself the following questions: Are You Eligible? You must meet certain qualifications for each type of bankruptcy in order to……
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If Your Bankruptcy Case was Dismissed Without Prejudice

In order to complete a bankruptcy case and obtain a discharge, you need to meet certain requirements. If all of the appropriate and necessary steps are not taken, the bankruptcy court has the power to dismiss your case with or without prejudice. Of the two dismissals, without prejudice is the better outcome. This means you……
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What Gets Discharged in Chapter 13?

 In a Chapter 13 bankruptcy, your debts will be broken down into secured debts, priority unsecured debts and non-priority unsecured debts. For secured debts, which are guaranteed by collateral, if the collateral secures your obligation, you will have to pay or surrender it. This is usually property like a car or house. Priority unsecured debts……
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Debts that Survive Chapter 13 Bankruptcy

Chapter 13 bankruptcy is an option where you are required to repay some of your debts in full through a three to five-year repayment plan. Through this, you will pay unsecured, non-priority creditors in part, and when your plan comes to a close the remainder of your debt is discharged. But of course, not all……
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