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Who Can Declare Chapter 7 Bankruptcy?

Sawin & Shea

If you’re struggling with overwhelming debts, Chapter 7 bankruptcy could be your best option. Chapter 7 is the most common form of bankruptcy for individuals and families, and it allows you to discharge many of your unsecured debts within only a few months. What is Chapter 7 Bankruptcy?

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How long does Chapter 7 bankruptcy stay on credit reports?

Roths Child Law

When a consumer in Tennessee has more debt than they can manage, bankruptcy may be the solution. Consumers commonly choose Chapter 7 bankruptcy, which allows them to erase certain debts, but filing for bankruptcy can impact credit scores. Chapter 7 bankruptcy and credit scores.

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Consumer Debt vs. Non Consumer Debt

Sawin & Shea

When filing Chapter 7 or Chapter 13 bankruptcy, it’s critical to understand the difference between consumer debt and non-consumer debt. If you’re considering filing Chapter 7 or Chapter 13 bankruptcy, consider enlisting the help of skilled bankruptcy attorneys.

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What debts are discharged in a chapter 7 bankruptcy?

Roths Child Law

It can, however, be a really smart financial decision that gives you the chance to be debt free and feel like you can breathe again. . A chapter 7 bankruptcy is one of the most common routes individuals take in discharging their debt. Chapter 7 bankruptcy discharges unsecured debts.

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Chapter 7 Bankruptcy can give you a fresh start

Roths Child Law

Chapter 7 bankruptcy is also known as the “fresh start” bankruptcy. The basics of Chapter 7 bankruptcy. Under the blanket of Chapter 7 bankruptcy, you can expect to have some big bills charged off. These include tax bills, student loans, and child support.

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Can I Keep My Home in a Chapter 7 Bankruptcy?

Sawin & Shea

If you’re in a financial bind, your best option might be to seek a fresh start through Chapter 7 bankruptcy. In most cases, you don’t forfeit your home when you file for Chapter 7 bankruptcy. What is Chapter 7 Bankruptcy? The post Can I Keep My Home in a Chapter 7 Bankruptcy?

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Questions to Ask a Chapter 7 Bankruptcy Lawyer Before Filing for Bankruptcy

Sawin & Shea

At Sawin & Shea, LLC, our Chapter 7 Bankruptcy lawyers have helped clients just like you in the Indianapolis and surrounding areas. What is Chapter 7 Bankruptcy? Will All of My Debt Get Discharged? Will I Lose My Property When I File Chapter 7 Bankruptcy?