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When Your Finances are
a Matter of Life…or Debt™
 
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Bankruptcy Still Exists

Despite the rumors, bankruptcy still exists.

Why do we need bankruptcy? Persons enter into financial obligations, intending to make the payments. Then something happens.

It might be a huge medical bill without insurance, a loss of income from a job change. or a divorce splitting one household into two. It might involve late payments charges, an increased interest rate on a loan, and penalties for late payments. It might, in short, involve any combination of the unpredcitable events that happen in life with dramatic financial consequences.

If your financial situation has grown unmanageable, you may need to consider bankruptcy. Yes, of course, bankruptcy should be your last resort, but it may, ultimately, be your best choice.

I should know; I’ve been there—I filed bankruptcy.

 

 
 

 

Credit Counseling
To file bankruptcy you have to receive Credit Counseling. This counseling may enable you to avoid bankruptcy. More Info... .

Bankruptcy
One of the reasons people file bankruptcy is to get a “discharge.” A discharge is a court order which states that you do not have to pay most of your debts. Some debts cannot be discharged.More Info...

Chapter 7
There are several chapters of the Bankruptcy Code available to individual consumer debtors. One of the commonly used is chapter 7 More Info...

Chapter 13
There are several chapters of the Bankruptcy Code available to individual consumer debtors. One of the commonly used is chapter 13 More Info...

Chapter 11
Chapter 11 is designed for the reorganization of a business but is also available to consumer debtors More Info...

Chapter 12
Chapter 12 is designed to permit family farmers and fishermen to repay their debts over a period of time More Info...