Bankruptcy Pros & Cons

Bankruptcy is a court-supervised way of dealing with debt.   There are different types of bankruptcy filings.  For purposes of this article, the two main types are Chapter 7 and Chapter 13.  Typically, consumer debtors are most interested in Chapter 7 filings.  Chapter 7 filings tend to be faster and allow for a “fresh start.”  Not …

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Consumer Bankruptcy 101

If you’re falling behind on your bills, you may have considered bankruptcy. This is not an easy decision! Dealing with the courts taking possession of your assets sounds scary. There are some important things to understand when deciding whether to file for bankruptcy.  What is bankruptcy? Bankruptcy is a legal proceeding involving a person (or …

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