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The Main Schedules Required In A Bankruptcy Case

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One of the reasons it is never a good idea to file bankruptcy through a do-it-yourself plan is due to the overwhelming amount of paperwork needed for a bankruptcy case. In a bankruptcy case, there are so many different documents you must complete, and you must complete each necessary one and fill each out accurately and thoroughly. Among the documents you will fill out, here are some of the main schedules a bankruptcy case requires.…

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Can You Make Support Payments Part Of Your Bankruptcy?

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When debts pile up, bankruptcy could be the answer. When it comes to domestic support issues like spousal support (or alimony) and child support, you might still be stuck with them no matter what. That does not mean, however, that bankruptcy won’t affect domestic support debts. Read on to find out more. Court Orders Supersede Bankruptcy Child support and alimony orders are not affected by your bankruptcy filing. If you owe a monthly obligation, you must continue to make those payments throughout the bankruptcy period and beyond.…

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What The Automatic Stay In Chapter 7 Bankruptcy Involves

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If you have met with a lawyer to discuss your debt situation and found out that you qualify for Chapter 7, one important thing you should understand about this is the automatic stay you will receive when you file. Knowing and understanding what this involves is important in your case, and here are a few things that you should know about the automatic stay. It is a court order An automatic stay is something that everyone receives when filing for Chapter 7 bankruptcy, and it is also something that people receive when using Chapter 13 bankruptcy.…

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Why Filing For Chapter 7 Makes Paying Off Bills So Much Easier

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There are definitely some major consequences of filing for Chapter 7 bankruptcy, but there are also a lot of benefits, and one of the main benefits you may discover is that filing for Chapter 7 makes it so much easier to pay your bills. You may not notice this until you file your documents with the bankruptcy court, but you will likely see shortly after this how much easier it is for you to pay your bills and live your life.…

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Need Financial Relief? Things To Know About Filing For Chapter 7 Bankruptcy

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Dealing with debt can be overwhelming. However, you can take heart because there are legitimate options to lower your deficit and ease your mind. One of the top methods for doing so is by filing for a Chapter 7 bankruptcy. This could be the key to preparing you for less worry and stress. However, there are several items you’ll want to be aware of in the process. Dischargeable debt This bankruptcy type is typically referred to as liquidation bankruptcy.…

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What To Know About Discharging Tax Debts During A Chapter 7 Bankruptcy

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When your debts become so overwhelming that bankruptcy seems like the best choice, there’s likely a component of your debt that is owed to the Internal Revenue Service for personal or business taxes. In fact, many people are only interested in filing for Chapter 7 bankruptcy in particular because they’re having trouble paying back the IRS. Before assuming that filing for bankruptcy will eliminate your issues with taxes, make sure you understand these four facts about discharging tax debts with Chapter 7 filings in particular.…

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Three Benefits Of Working With A Personal Injury Attorney

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One of the best courses of action that you can take following an accident is to retain the services of an experienced attorney. Unfortunately, some accident victims will not understand the full range of services that an experienced personal injury attorney can provide. Evaluate Your Case It can be exceedingly difficult for you to understand the legal nuance that is required to properly evaluate a case. Unfortunately, without an accurate evaluation, it can be impossible to know whether pursuing the matter will be a worthwhile venture.…

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Have A High-Cost Mortgage? There May Be Special Protections Available To Help You Avoid Foreclosure

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If the bank is threatening to take your home or has initiated the foreclosure process, one way to defend against this action is to invoke the special protections provided to people who have high-cost mortgages. These are loans that have higher than normal interest rates (among other qualifications) that may put borrowers at a greater risk of defaulting. Here’s more information about this option and how it can benefit you.…

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Considering Chapter 7 Bankruptcy As a Senior Citizen? 2 Ways It Will Impact Your Income

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When filing for Chapter 7 bankruptcy as a senior citizen, it is important that you understand how filing for bankruptcy will impact your income, which at this point in your life is most likely coming from retirement accounts as well as social-security payments.  #1: Retirement Accounts When you file for bankruptcy, the money that you have saved up in your retirement accounts is generally protected by federal law. This protection was put in place to encourage people, even those in debt, to save for their retirement.…

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How To Know If It Is Time To Consider Filing For Bankruptcy

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Deciding whether to file for bankruptcy can be a tough decision, especially if you are not aware of the signs that you need to be looking for. To help you decide if it might be time to consider filing for bankruptcy, you will want to check out the following points. Collection Calls Will Not Stop If you are unable to make suitable payment arrangements with your creditors, it is unlikely that they are going to stop placing their collection calls.…

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