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Should Filing Bankruptcy Be The Last Resort?

Is Bankruptcy Always a Last Resort? Although we’ve mentioned it time and again on the forum, it bears repeating: filing for bankruptcy is not a decision to be entered into lightly. In fact, it is important to get good information and carefully weigh your options. Having said that, delaying too long can cause unnecessary financial […]

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Who Will Know I Filed Bankruptcy?

Worried Who Will Find Out About Your Bankruptcy? Do you worry about who will know that you decided to file bankruptcy? Even though bankruptcy doesn’t carry the same negative connotation it used to, some people still worry that their friends and coworkers will find out. The good news is, that except for a select few, […]

Are You Judgment Proof?

We all know why people are filing for bankruptcy. With a tepid recovery, jobs are hard to find, home values are still low, and fear and uncertainty are preventing business owners from expanding their businesses. The costs of health care are rising even with the Affordable Care Act in play. People are finding themselves saddled […]

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I’ve Found A New Job, Will I Still Be Able To File For Bankruptcy?

Does a regular paycheck disqualify a consumer from filing for chapter 7 bankruptcy? If you’ve read this blog with any frequency, you’ve undoubtedly seen numerous posts about bankruptcy reform and the means test. Indeed, much has been written about the means test, the vaunted gatekeeper to chapter 7 bankruptcy protection implemented by Congress as part […]

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Exemptions: What Can I Keep if I File Bankruptcy?

Bankruptcy Filers Aren’t Meant To Be Left With Nothing Many people mistakenly believe that they will lose everything when they file for Chapter 7 bankruptcy. This is not the case. The bankruptcy code allows debtors to claim certain necessary property as off-limits from creditors and the trustee. That property is the debtor’s ‘exempt property.’ The […]

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