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What Can I Keep if I File For Chapter 7 Bankruptcy?

Sawin & Shea

Filing for bankruptcy can provide you with a much-needed second chance when it comes to your finances. However, the process of going through Chapter 7 can be complicated and stressful to ensure you can keep what you need to continue living your life even after bankruptcy. What is Chapter 7 Bankruptcy? What Are My Exempt Assets?

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Common causes of bankruptcy that may surprise you

Roths Child Law

Bankruptcy is often thought of as something that only happens to people when they have been careless with money. While overspending and exceeding your means can contribute to bankruptcy, this is not always the case. In fact, the main causes of bankruptcy seem to be applicable to regular, hard-working citizens. Natural disasters.

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The key advantages of Chapter 7 bankruptcy

Roths Child Law

When faced with insurmountable debts, Chapter 7 bankruptcy can be the best way to regain control over your financial situation. Importantly, Chapter 7 bankruptcy provides an opportunity for a fresh start. Unlike Chapter 13 bankruptcy, Chapter 7 places no limit on the amount of debt you can have in order to file.

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The key advantages of Chapter 7 bankruptcy

Roths Child Law

When faced with insurmountable debts, Chapter 7 bankruptcy can be the best way to regain control over your financial situation. Importantly, Chapter 7 bankruptcy provides an opportunity for a fresh start. Unlike Chapter 13 bankruptcy, Chapter 7 places no limit on the amount of debt you can have in order to file.

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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. Credit counseling and debt management agencies may be able to assist you as you work, but with so many untrustworthy schemes out there, how do you know what the right step should be?

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CFPB Continues to Focus on Tuition Payment Plans Offered by Colleges and Universities in Latest Report

Troutman Sanders

In the press release announcing the issuance of the report, CFPB Director Rohit Chopra stated, “[t]uition payment plans offered by schools may look like a good option, but this report shows student borrowers can end up paying high fees, be forced to sign away their legal rights, or even have their transcript withheld by their school.”

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Dealing with Debt Collectors

Debt Free Colorado

Bankruptcy may appear to be a scary process, but it does not have to be. Dray Legal Office’s attorneys will endeavor to help you obtain a fresh start by eliminating debt and reorganizing your finances. We at Dray Legal Office are well aware of the enormous stress that financial difficulties may cause.