Debunking Common Bankruptcy Myths

Debunking Common Bankruptcy Myths

The recent financial crisis has helped shed light on some of the myths regarding bankruptcy, but nearly all of the commonly believed untruths about bankruptcy are still around in some form. Sadly, most of these myths are negative and discourage people from considering bankruptcy even when it’s the...

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Can Bankruptcy Stop Creditor Harassment?

Understanding the Power of Filing for Bankruptcy When you are drowning in debt, your problems can quickly compound if debt collectors and collection agencies begin to hound you for repayment. The reality is no one wants to be in debt, and if you could repay now, you would, but collectors will...

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Can I Discharge Income Tax Debt Through Bankruptcy?

Can I Discharge Income Tax Debt Through Bankruptcy?

Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy helps many individuals get on top of insurmountable debts. In addition to enjoying benefits like the automatic stay, which freezes collection actions, filers are typically permitted to discharge unsecured debts following the successful...

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Will My Children Be Responsible for My Debt When I Die?

Thinking about death and what will happen to your loved ones after you are gone can be an uncomfortable endeavor, but proactive thinking is necessary to protecting your family from unintended consequences. You owe your family a plan when considering what will become of not only your property but...

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What Debts Are Not Discharged in Bankruptcy?

Although bankruptcy is often the best possible option, it isn’t right for everyone. Depending on your situation, this strategy might trigger certain consequences, such as lowering your credit score, forcing you to part with higher-value property, or downsizing your business. Sometimes, it might...

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