Can I file for bankruptcy every few years?
No. Once a discharge is granted, a debtor who filed under Chapter 7 or 11 is prohibited from filing for another 6 years. However, a debtor who filed under Chapter 7 can file a chapter 13 before …
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Some Debts May Remain After Bankruptcy
The decision about whether to file bankruptcy is a difficult to decision to make. People often worry about the lasting effects on their credit history and their ability to borrow money in the future. However, sometimes the advantage of being relieved of debt in a bankruptcy proceeding outweighs the disadvantages. In order to weigh the advantages and disadvantages for yourself, it is …
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Chapter 13 Bankruptcy
Sometimes an individual with a regular income cannot make ends meet. His or her debts may be overwhelming and grossly outpace his or her earnings. For these individuals, Chapter 13 bankruptcy protection is sometimes the best option. What is Chapter 13 Bankruptcy? Chapter 13 bankruptcy protection allows individuals with regular income to develop a plan to repay their debts over …
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