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Category Archives: Bankruptcy

Are You Being Harassed by Your Creditors?

If creditors are harassing you, you do not have to accept the behavior as part and parcel of being in debt. The Fair Debt Collections Practices Act (FDCPA) protects consumers from unfair and abusive behavior by debt collectors.

A debt collector, for the purposes of the FDCPA, is any debt collector trying to collect money owed to someone else. In some cases, the original creditor …

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How to Prepare a Debt Collection Defense

Being served papers for a debt collection lawsuit is one of the most stressful moments many people ever experience. If you are in this situation or you are waiting for this dreaded moment to arrive due to unpaid debts, don’t despair. You can and should defend yourself against a debt collection lawsuit. A failure to show up in court could lead to a default judgment …

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Are Judgments Discharged in Bankruptcy?

People who file for bankruptcy are often perplexed about debts that are associated with a judgment. Can a debt on which there is a judgment or lien receive a bankruptcy discharge?

The first step in answering the question is pinpointing the type of debt is in question. Determining which debts are dischargeable depends on the kind of debt and how the debt was incurred. …

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Are You Eligible for Chapter 13 Bankruptcy?

To file for Chapter 13 bankruptcy, petitioners must meet the requirements. Chapter 13 bankruptcy allows debtors to keep their property and repay creditors using a three- or five-year court-approved repayment plan. According to the requirements of Chapter 13 under the bankruptcy code, debtors hoping to file for Chapter 13 bankruptcy must meet specific criteria. 

To File for Chapter 13 Bankruptcy, You Must:

  • Not Be
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More Seniors are Turning to Bankruptcy for Debt Relief

When we’re young, we think of retirement as a time to relax, kick our feet up and enjoy the rewards of life or hard work. Sadly, there is a growing trend of retired seniors forced to deal with increased living expenses and decreased income spending retirement by turning to the protections of bankruptcy.

Why Are More Seniors Turning to Bankruptcy?

Seniors are More Leveraged:

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Purchasing a Home After Bankruptcy

After you file for bankruptcy, you receive a fresh financial start, but the new beginning doesn’t come without any consequences. Bankruptcy does hurt the filer’s credit report that will stick around for years after the date of the discharge of debt. Depending on the type of bankruptcy you file, the bankruptcy can stay on your credit report for up to ten years. But you don’t …

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5 Tips for Recovering After Bankruptcy

Did you recently file for bankruptcy? Are you worried about your credit? Many bankruptcy filers are surprised by how quickly they can get started repairing their credit after bankruptcy. Rebuilding your credit after bankruptcy is not easy, but it can be done.

Tips for Recovering After Bankruptcy:

  1. Use Credit. This seems counterintuitive. You just filed bankruptcy and discharged your debt. Many instinctively want
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Can Bankruptcy Help When You’re Buried in Student Loans?

Federal student loans have been exempt from bankruptcy discharge since 1978. A change in the law in 2005 gave private student loans the same protection. The “protection” that student loans are offered in this legislation means that student loan debt will often survive bankruptcy proceedings while other types of debt do not. However, some school loans are partially dischargeable in bankruptcy, but if not, the …

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What to Know When Filing for Bankruptcy

You may have decided that you need to file for bankruptcy, but that doesn’t mean that it isn’t scary. If you find yourself fearing the process, remember that bankruptcy laws are there to protect you. You have options even in the midst of impossible financial trouble. Once you’ve decided to file bankruptcy, the process is fairly straight forward.

What Type of Bankruptcy? Once you decide …

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Is Your Lender Threatening to Foreclose on Your Home?

Is your lender threatening to foreclose on your home? You aren’t the only one in this difficult situation. Foreclosure rates across the nation are high and they have been high for some time. Yet homeowners who are facing foreclosure often feel like they have no viable options to stop the process. However, this isn’t necessarily true. There are a number of foreclosure defense strategies …

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