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Most people receive credit card offers every day in the mail, or so it seems. Many credit card companies offer very tempting incentives and deals to try and get consumers to apply for their cards. Even some retailers will offer customers a discount if they fill out a card application during checkout. That is why it is not surprising when you finally discover that you have an enormous amount of credit card debt. In fact,
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Many otherwise financially responsible people have filed bankruptcy due to a loss of employment or a decrease in pay. When these situations occur, there is often little to no alternative sources of funding. One of the first questions most people ask when they are facing bankruptcy is how long does bankruptcy take from filing to discharge? However, the answer to this question will be dependent on one important factor. That factor is what type of
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Although your life may have seemed like a nightmare before you filed for bankruptcy, you should know that you will face financial challenges after you file for bankruptcy also. However, your life will be easier to manage if you choose to follow your new financial recovery plan. But, you may find that it is more difficult if you are interested in buying a car after bankruptcy. Your credit report will have your bankruptcy listed, and
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Is your business facing financial trouble? Is your business struggling to meet its financial obligations? Do you know the steps you need to take to resolve the issue? The first thing that comes to mind when a business is having financial hardships is to file for bankruptcy. But, there are business bankruptcy options available that will allow you to avoid declaring bankruptcy, prevent liquidation and stay open so your creditors can be paid. In fact,
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It is natural to feel wary of your family’s future once you have declared bankruptcy. Unfortunately, bankruptcy often does affect not only the debtor who filed, but also the family. Learn more about some of the most common concerns about the effects of bankruptcy on family members. Will Filing Bankruptcy Affect Your Family’s Belongings? Whether or not you lose possessions such as vehicles and homes will depend on the chapter of bankruptcy you file. In