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Blog Posts in January, 2017

  • Benefits of Chapter 13 Bankruptcy

    || 30-Jan-2017

    Chapter 13 bankruptcy is a court-approved repayment plan which allows debtors to pay back their debt obligations throughout three to five years, depending on their overall debt and income. The repayment plan gives debtors an opportunity to create one manageable payment each month to their bankruptcy trustee, which means there is absolutely no contact with creditors. The following are the ...
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  • Do I Qualify for Chapter 7 Bankruptcy?

    || 16-Jan-2017

    In Chapter 7 bankruptcy, many (or all) of your debts are canceled. At the same time, you may also sell/liquidate some of your property to repay your creditors. In order to qualify for a Chapter 7 bankruptcy, however, you must earn less than the state median income on a monthly basis, or perform a “ means test ” that examines your financial records, such as income, expenses, and debt. ...
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