Posts

  • Better Days Ahead: Bankruptcy Recovery And You

    The decision to declare bankruptcy can be a tough one, and it's easy to see why. You probably know that your ability to use credit will be affected for many years to come, but you may be uncertain about other negative effects of a chapter 7 bankruptcy filing. It could help you to have a better understanding of how to deal with your financial situation after a bankruptcy, so read on.
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  • Things You Should Know If You Are Facing Foreclosure On Your Home

    Whether it was an unexpected change in employment, health issues that led to expenses, or an alteration in personal circumstances that put you in this position, facing foreclosure on your home can be incredibly scary. After years of working hard to pay for a home of your own, you face the possibility of seeing all of your money, time, and personal investment into the property you reside in being taken away.
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  • Two Ways To Handle A Deficiency Balance After Vehicle Repossession

    When you stop making payments on your auto loan, the bank will typically take the vehicle back (i.e., repossession). Unfortunately, your obligation to pay the loan may not end there. If the bank sells the vehicle for less than the balanced owed on your account, you will continue to be liable for the difference. Here are two things you can do to eliminate a deficiency balance after your car or truck has been repossessed.
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  • 3 Commonly Asked Questions Regarding Bankruptcy And Adoption

    Many potential adoptive parents are worried that their past financial history will ruin their chances of being approved as an adoptive parent. To help you avoid stressing over this, below are three commonly asked questions regarding bankruptcy and adoption: How Does Past Bankruptcy Affect My Application? The critical factor that determines the effect of bankruptcy on your adoption application is the length of time that has passed since you were last declared bankrupt.
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  • 3 Things To Know About Getting Rid Of Tax Debt

    If the IRS is garnishing your wages for tax debt you owe, you might want to look into your options. A good way to start is by visiting a bankruptcy attorney that specializes in tax services. Your attorney can help you understand all the options you have, and he or she will help you select the option that is best for your situation. Here are several things you should know about eliminating the tax debts you owe.
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  • How Tax Debt Is Handled In Bankruptcy

    If you are having a difficult time paying your bills and catching up on tax debts you owe the IRS, filing for bankruptcy might offer you some relief. Chapter 7 bankruptcy and Chapter 13 bankruptcy can both offer relief for tax debt in some cases, but it will depend on the conditions of the tax debt you owe and on your personal situation. Here are several things you should know about bankruptcy, tax debt, and the way debts are classified in bankruptcy.
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