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Bankruptcy FAQ’s – This is the Third in the Series of Articles

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1. Who decides what a fair value for my assets is? It rather depends. If it is for example, your household items and matters of that nature which you wish to retain, then generally speaking, the Trustee will exempt items up to a value of about £1,500 without a problem. Bear in mind that £1,500 […]

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A Helpful Guide to Bankruptcy Law and Its Nuances

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The bankruptcy law helps a debtor to formulate a plan by which he is able to resolve his debts towards his creditors through the division of his assets. Bankruptcy is a legally accepted inability of an individual or an organization to repay the creditors off. A petition may be filed by the creditors as an […]

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Interest Rates on Loans and Credit Cards After Bankruptcy

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Is There Hope for Credit After Bankruptcy?Many people wonder if they will be able to obtain credit after a bankruptcy, and the answer to that is an astounding YES. There are plenty of lenders who cater specifically to people who have had a bankruptcy, but when you see the ridiculously high interest rates on the […]

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Tips For Avoiding Bankruptcy

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Bankruptcy is a process governed by federal laws that will cancel many of your debts through an order of the court. It does not cancel ALL types of debt, however, and that is important to note before filing – if the bulk of your debt is unable to be canceled, will it really help you […]

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How to Avoid Personal Bankruptcy That Caused by Your Credit Card Debt?

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Filling bankruptcy is the worse case scenario of your life as you keep racking up credit card debt and you could not settle it within short period of time. It is common that this incident able to destroy your life forever and you might give up your aspirations, wealth, family ties and even your personal […]

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Is Bankruptcy Ever a Positive Thing?

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Many people could never consider bankruptcy to be a positive thing, especially if they have been through it. So, can bankruptcy ever be a positive thing for you? This is not something you can rely on anybody else to decide for you. You have to ask yourself, weigh your situation, and make the decision on […]

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Bankruptcy – Possible Solution to Your Debt Problems

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Is your debt load more than you can handle? Have you tried working with your creditors to lower your monthly payments and haven’t made much head way? Even though there is no such thing as debtor prison, losing a lawsuit for a delinquent account legally exposes you to painful creditor remedies. Judgment creditors can place […]

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Bankruptcy Questions – Answers to the Most Common Bankruptcy Questions

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If you have bankruptcy questions, you certainly aren’t alone. Filing for bankruptcy can be a very confusing process, particularly at first, so here is some important information you need to know to get you through the process as quickly as possible.First of all, keep in mind that the three most popular forms of bankruptcy filings […]

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The Real Difference Between Chapter 7 & Chapter 13 Bankruptcy

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When bankruptcy becomes a necessity because of a bad financial situation, an individual will have to determine whether they should file for Chapter 7 or Chapter 13 bankruptcy. Understanding the differences between them is very important because they are separate and unique filings.Most people who must declare bankruptcy do so by filing for Chapter 7 […]

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How to Get Beyond Bankruptcy

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You may have had to file for bankruptcy because of events that have affected your financial circumstances. Bankruptcy, however, is not the end.Deciding to file for bankruptcy is not easy. But many people have had to and are now able to care for their finances stably. You can dust yourself off and get back on […]

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