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What Debt Cannot be Discharged in Bankruptcy

Many people believe that when they file for bankruptcy that all of their debt will be forgiven. Unfortunately, not all debt can be discharged in bankruptcy. Although bankruptcy is designed to eliminate debt and help consumers start over some debt is exempt from bankruptcy. Some examples of debt that is non-discharged include: federal taxes state […]

Bankruptcy Exemptions

For many people struggling with debt, bankruptcy offers the opportunity to escape mounting bills and wipe the slate clean. In fact, bankruptcy laws are intended to grant debtors who are having trouble paying their creditors a financial “fresh start.” These laws also help you keep certain types of property when you file for bankruptcy. If […]

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The Bankruptcy Means Test Explained

If you are considering filing for bankruptcy, you have probably seen references to the bankruptcy means test as you research your options. But what is the bankruptcy means test? And will you have to take it if you file for bankruptcy? What is the Bankruptcy Means Test? Put simply, the bankruptcy means test is the […]

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When Should I File For Bankruptcy?

Past due bills, mounting credit card debt, a recent job loss: if you are struggling with any of these issues, you might have considered filing for bankruptcy. You know the decision to file for bankruptcy shouldn’t be taken lightly. But how do you know if it’s the right choice for you? When It Makes Sense […]

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Refinancing After Chapter 13 Bankruptcy

Refinancing your mortgage when interest rates are low can help you save money and put yourself on better financial footing. However, are you going to be able to refinance your mortgage if you have recently filed for Chapter 13 bankruptcy? How Long Ago Was the Bankruptcy? According to the FHA, filing for bankruptcy doesn’t necessarily […]

Steps To Take After A Bankruptcy

When a person declares bankruptcy, they are doing something that affects their finances and credit score. If you have a low credit score, you will have problems getting loans, credit cards and rental agreements; financial agencies look at your credit history before determining your credit worthiness. A bankruptcy can stay on your credit report for […]

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