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Bankruptcy can give you a fresh start by restructuring your debts or liquidating some of your assets, but it can ruin your credit. Debt consolidation combines several debts into one, ideally with ...
Use alternatives like debt consolidation and credit counseling before turning to bankruptcy. If your debts have grown beyond control and you feel there is no other way out, you may be wondering if ...
Bankruptcy is the legal process of disputing outstanding debts or financial obligations. Once approved by a judge and court-appointed trustees, you can either qualify for Chapter 13 or Chapter 7 ...
A Chapter 7 bankruptcy (or BK, as we call it) would eliminate most or all of their debts and they would get a clean slate. No litigation client ever wrote me a thank-you note, but plenty of my ...
In most cases personal bankruptcy is initiated by the bankrupt individual. Bankruptcy is a legal process that discharges most debts, but has the disadvantage of making it more difficult for an individual to borrow in the future. To avoid the negative impacts of personal bankruptcy, individuals in debt have a number of bankruptcy alternatives.
Alternatives to bankruptcy include supplementary income, a debt management plan, a debt consolidation loan or asking friends and family for help. Debt happens. At Bankrate, one of the questions we ...
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