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What Happens If I Get a Job After Filing Chapter 7?

Sawin & Shea

Filing for bankruptcy can feel incredibly daunting, especially if you have concerns over whether it may impact your future job prospects. The sad reality is that many people hold misconceptions regarding bankruptcy filers. They believe those declaring bankruptcy are irresponsible or bad with money.

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Debt Collection Now and Post-Covid

Nexa Collect

However, during the recession, even the collection agencies find it hard to recover money as people have no funds to pay off their bills. times than normal , because people wanted to pay off their debts with this extra cash. Additionally, the government-assisted stimulus packages resulted in recovery rates jumping by almost 1.5

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US ‘buy now, pay later’ splurges raise holiday debt hangover risk

Collection Industry News

Walmart in 2021 scrapped its layaway program, which allowed people to take home merchandise after completing a series of financed payments. Providers told Reuters they are giving shoppers alternatives to the average credit card now charging over 20% interest, and are only extending loans to people they believe are willing and able to repay.

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