Exploring Your Bankruptcy Options

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If you are drowning under a sea of debt, then you might be seriously considering bankruptcy. However, there are actually two different kinds of bankruptcy, and they are very different in how they play out. To help you decide which is best for you, here is a comparison of Chapter 7 and Chapter 13 bankruptcies. What is the ultimate result? With Chapter 7, some of your assets will be sold off and all applicable debts will be erased.…

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3 Advantages Of Filing For Chapter 7 Bankruptcy

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You may be in a huge financial bind for a number of reasons–a job loss, huge medical bills, or even just spending beyond your means. If you have reached a point where the debt you owe is far beyond what you are able to pay back, and you can’t afford to make monthly minimum payments on that debt, filing for chapter 7 bankruptcy may be a solution. There are many benefits to filing for chapter 7 bankruptcy when the debts you owe are overwhelming, such as:…

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When To Hire An Attorney If You Are Facing Foreclosure

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If you find yourself at risk of losing your home, hiring an attorney can be a practical option when you are trying to avoid or fight foreclosure. An attorney can explain your legal rights and obligations, negotiate new loan terms with your lender, assist you in completing the paperwork necessary to apply for a loan modification, or delay the foreclosure sale by helping you file for bankruptcy. When you are facing foreclosure, it pays to know in what situations hiring an attorney like Jeffrey S Arnold Attorney At Law P.…

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