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Why sudden job losses put people at risk of bankruptcy

Roths Child Law

Most people are rather flippant about the prospect of losing a job. Unfortunately, job loss is often a more serious issue than people realize. Not only will there be more competition for any nearby open positions, but businesses that are hiring may offer lower wages because they know people are desperate.

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Mistakes to avoid when filing for personal bankruptcy

Roths Child Law

Waiting too long to act People delay filing for bankruptcy for a variety of reasons. Either way, overlooking the writing on the wall can give your creditor room to do the following: Place liens or obtain judgments on your property Foreclose your home Repossess your vehicle Start garnishing your paycheck Are you drowning in debt?

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Order of Replevin: Getting Your Goods Back With Court Order

FFGN COLLECT NY

When most people think of taking back goods or other collateral, they think of the “repo man” breaking in and repossessing a vehicle in the dead of night without a court order or sheriff tagging along. This would require the debtor to deliver the item(s) to the secured party.

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Dealing With Debt From COVID-19

Debt Free Colorado

The efforts to contain the Coronavirus pandemic have pushed hundreds of thousands of people out of work. They will feel obligated to protect their interest in the collateral (your car) and can move quickly to repossess after only a few missed payments. How do I pay my Bills if I’m out of Work due to a Stay-At-Home Order?

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Discharge in Bankruptcy – Bankruptcy Basics

Sawin & Shea

Car loans (unless you allow your car to be repossessed, in which case you will not owe any past payments). Civil court judgments (not counting anything that was based on fraud). We are committed to providing compassionate and non-judgmental representation to all of our clients. Alimony payments. Rent that is past due.

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Military families’ main worry? Financial challenges.

Albuquerque Law

Military service members and their families make many sacrifices to protect the values and people of the United States. Most service members do not expect one of those sacrifices to be financial security. And yet, many military families report that debt and financial challenges are one of the largest concerns they face.

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How Long Does Foreclosure Take?

Credit Corp

Foreclosure means that your mortgage lender can legally repossess your house due to nonpayment. If the property sells for less than the balance owed on the original loan, a lender could file a deficiency judgment against you in court. Not all states allow deficiency judgments in all circumstances. What Is Foreclosure?