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  2. Common types of bankruptcy and how to avoid filing - AOL

    www.aol.com/finance/common-types-bankruptcy...

    You do not need an attorney to file for bankruptcy, but hiring one can make it easier to navigate the process and is highly recommended if you are unfamiliar with bankruptcy law and procedures.

  3. Bankruptcy Basics: How to File, Types, and More - AOL

    www.aol.com/bankruptcy-basics-file-types-more...

    Bankruptcy is a way for an individual or business to have their debts legally discharged in the event that they cannot pay them. For example, if your home is being foreclosed upon or your debts ...

  4. Can you buy a house if you’ve filed for bankruptcy? - AOL

    www.aol.com/finance/buy-house-ve-filed...

    If you were one of the more than 517,000 people who filed for personal bankruptcy in 2024, you might not feel too optimistic about your chances of becoming a homeowner anytime soon.You can ...

  5. Bankruptcy - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy

    A Bankruptcy Exemption defines the property a debtor may retain and preserve through bankruptcy. Certain real and personal property can be exempted on "Schedule C" [42] of a debtor's bankruptcy forms, and effectively be taken outside the debtor's bankruptcy estate. Bankruptcy exemptions are available only to individuals filing bankruptcy. [43]

  6. Bankruptcy in the United States - Wikipedia

    en.wikipedia.org/wiki/Bankruptcy_in_the_United...

    Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...

  7. Claim in bankruptcy - Wikipedia

    en.wikipedia.org/wiki/Claim_in_bankruptcy

    A Proof of claim in bankruptcy, in United States bankruptcy law, is a document filed with the Court so as to register a claim against the assets of the bankruptcy estate. The claim sets out the amount that is owed to the creditor as of the date of the bankruptcy filing and, if relevant, any priority status.

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