Bankruptcy often enables people to discharge much of their debt once the process is completed. Both Chapter 7 and Chapter 13 allow for the cancellation of many remaining debts, although the processes used are different. Chapter 7 uses the liquidation of nonexempt assets to repay creditors, and once the filing is complete, the individual will…

Parents will almost always admit that they love to spoil their children. Whether this be in the form of letting them attempt every sport or activity known to mankind in order to help them find their niche or spending hundreds of dollars on clothes and toys. Spending money, and a lot of it, is a…

If you have experienced a time in which you forgot to pay a credit card bill or another payment on a loan, etc. you know what it is like to have creditors that want their payments contact you. Many situations could be considered harassment, because there are certain rules and regulations in which creditors must…

Bankruptcy can send chills down anyone’s spine, that is, if you don’t properly understand what it actually means. In the event of a person or business being unable to pay off their debt, a person will often resort to bankruptcy as a means of salvation from their financial troubles. Unfortunately, there are also many myths…

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