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Bankruptcy and Debts Overview

Filing for bankruptcy allows existing debts to be expunged or to create a long term payment plan.  This allows a debtor time to reorganize their finances after making bad financial decisions.

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FAQs
  • What is bankruptcy?
    A bankruptcy is a legal declaration that an individual or organization is unable to pay its creditors or debts.  … more
  • What is a claim? 3 Star Rating
    In the broadest sense, a claim is any right to payment held by a person or company against you and your bankruptcy estate. A … more
  • How do I know if I should file for bankruptcy?
    You should file if you are unable to pay your debts and there is no possibility that you ever will. The most common reasons for … more
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