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Recent Posts in Bankruptcy and Life Category

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What Happens to Debt When Someone Dies?

Millions of Americans are in debt. What happens if that debt hasn't been paid off at the time of the debtor's death? Does the deceased's debt negatively impact their remaining loved ones? ...
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Understanding Chapter 13 Early Termination

Chapter 13 bankruptcy is another type of debt management, and it is done by consolidating your debt into one reasonable payment under the protection of bankruptcy and protection from the ...
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Debt Consolidation: Benefits and Downsides

Debt consolidation is a way to make your many different debts become one, therefore allowing you to be responsible for just one payment a month instead of say, ten different debt bills. As with every ...
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I Lost My Job and Filed for Bankruptcy: How Do I Restore My Credit?

You are not alone, so many people have lost their jobs over the past few years because of the recession, and finding new employment is quite difficult to come by. You have been an honest worker, and ...
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Bankruptcy: Does it Help or Hurt the Economy?

It is not unheard of for people to make their decisions based on how something will affect the economy, whether this means investing here or buying there, we are in a circle of life economy, and ...
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Arkansas Coach John L. Smith Files for Bankruptcy

John L. Smith is an Arkansas coach who may have gotten in a little over his head with an investment group along with five other people. According to USA Today, he filed for bankruptcy two weeks ago ...
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Do I Have to Receive Permission From the Court to Sell My Property Under Bankruptcy?

Choosing to take the step of filing for bankruptcy can be a frightening experience for some, and yet it is an effective way for an individual to fight off their debt. While a person is under ...
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Rising Out of the Ashes of Bankruptcy

Bankruptcy can be a difficult decision to make for any individual, it requires a person to realize that they have come to the place where they are no longer in control of their debt, and there is no ...
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ATP Oil & Gas Files for Bankruptcy in Texas

Due to falling production and an inevitable $89 million interest payment, ATP has chosen to arrange a $700 million revolving credit facility, and will then file for bankruptcy. According to Bloomberg ...
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Texas Emergency Officials are Preparing for Isaac

The federal emergency officials in Texas have been planning for Hurricane Isaac, which is slowly creeping towards the East Coast. The Governor of Texas, Rick Perry, has already placed all state and ...
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Full Disclosure in Bankruptcy

Are you uncomfortable telling your friends and family about your financial situation? Maybe you have been hiding your struggles for months or years, and pretending that you are in a financially sound ...
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Why your Resume isn't Helping you Get Interviews

If you are currently searching for a job and not having an easy time getting interviews, it may be because your resume isn’t enough. When you are desperate for employment, you need to pull out ...
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Will Bankruptcy Help or Hurt Me in the Long Run?

It is true, many people may assume that if they run out of money that filing for bankruptcy is a wise option. Though, what many don’t realize is that it is an option that shouldn’t be ...
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A Major Cause of Bankruptcy: Medical Bills

Today in America many people are finding themselves in a financial rut which is leaving them with filing for bankruptcy as their only option. Statistics are showing that two thirds of the personal ...
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Texas may Lose 91,000 due to Automatic Spending Cuts

Jobs are essential to meeting the costs of living. Without a job, men and women cannot afford the expenses of an apartment or home, food, clothing, and transportation, which may send that family into ...
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Electric Cars Save Saab from Bankruptcy

Saab, the Scandinavian car company, was on the edge of falling into bankruptcy when a Chinese entrepreneur helped them come up with a plan of escape. The company is moving away from their bankruptcy ...
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Fitness Company Evacuated for Bankruptcy

In York, Pennsylvania, a bankruptcy judge has declared that HardKohr Sports & Fitness no longer has a lease on their building, and now they need to evacuate immediately. The owner of the fitness ...
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Lottery Winners Struggle with Money

Winning the lottery sounds like the end of all financial problems. In fact, you may be reading this and thinking that there's nothing you wish for more than a surprise sum of money from a winning ...
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Saving Your Vehicle with Chapter 7

If you are considering Chapter 7 bankruptcy as a last-ditch method to saving your vehicle, you need to familiarize yourself with BAPCA. The Bankruptcy Abuse Prevention and Consumer Protection Act was ...
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Tips to Ensure Better Finances after Bankruptcy

If you are considering bankruptcy, then you will also be thinking about life after bankruptcy. Once you have filed successfully for bankruptcy, there steps you should take to ensure that your finances ...
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Increase in Holiday Spending from Last Year

Although many Americans have yet to feel the effects of the slowing recovering economy, many report that they are less stressed about debt and they are spending more this holiday season. Black Friday, ...
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10 Worst Cities to Live In

Many news sources are reporting on the United States Misery Index, which details the 10 worst cities to live in throughout the country. The Misery Index considers factors like unemployment rates, ...
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Medical Debt and Bankruptcy

When people are filing for bankruptcy because they have a great deal of medical debt they may wonder if they can just list their medical debt in their bankruptcy petition and not list out their other ...
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How will Filing for Bankruptcy Impact Your Spouse?

One of the most pressing questions people have when they are married and filing for bankruptcy is if their husband or wife will be affected by their filing. In the United States, husband and wives are ...
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3 Reasons People File for Chapter 7

Generally speaking, there are three main reasons why people choose to file for Chapter 7 bankruptcy in San Antonio: 1. Unemployment. When people are unemployed, it can be extremely difficult for them ...
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