Category Archives: Advantages of Bankruptcy

What happens in a Chapter 7 bankruptcy case?

Chapter 7 bankruptcy cases are usually straightforward. On rare occasions, complications arise if creditors take aggressive action, if the trustee thinks you are hiding assets, or if you want to challenge creditors’ claims. Who can file? Any individual who lives … Continue reading

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Is Bankruptcy the Right Choice for You?

1. Bankruptcy may be the easiest and fastest way to deal with all types of debt problems. Bankruptcy is a process under federal law designed to help people and businesses get protection from their creditors. 2. Most bankruptcy cases are … Continue reading

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What are the advantages of Bankruptcy?

There are several advantages to filing for bankruptcy. By far the most important advantage is that debtors may obtain a fresh financial start. Here is a list of the possible benefits that bankruptcy can bring: Allows for the “discharge” of … Continue reading

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