Blog Posts in August, 2011

Michael Vick's Bankruptcy

Michael Vick has a new contact but he filed for Chapter 11 Bankruptcy in 2009. People think that bankruptcy is an awful process. But let's take a closer look at what is going on so that we can break ...
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Keeping Your Car Under Chapter 7: Reaffirmation

You're thinking about filing for Chapter 7 bankruptcy. In order to pay down your debt, some of your property i.e. your car may need to be sold. But you need your car! Is it even possible to keep your ...
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Keeping Your Car Under Chapter 7 Bankruptcy: Redemption

You've filed a Chapter 7 bankruptcy petition. In order to pay down your debt, some of your property like your car can need to be sold. But you need your car! Is it even possible to keep your car? And ...
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Bankruptcy Will Actually Improve Your Credit Score

Nearly everyone considering filing for bankruptcy worries about the effect it will have on their credit score. A common misconception is that a bankruptcy will ruin a person's credit. However, ...
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Bankruptcy and Vehicle Repossession

Filing for bankruptcy can stop your vehicle from being repossessed. If your car has not yet been repossessed, filing for bankruptcy will stop any threat of repossession. Repossession done after filing ...
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Do I Need an Attorney to File For Bankruptcy?

Hiring an attorney is not required to file for bankruptcy but it is highly recommended. Bankruptcy law is very complex and this is especially true after the bankruptcy laws were changed in 2005. Just ...
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California Leads the Nation in Number of Bankruptcies Filed

In the first half of 2011, California lead the country in number of bankruptcy filings with 126,000. See a map of state by state bankruptcy filings here In terms of per-capita filings, California ...
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Will I Lose My House If I File for Chapter 7 Bankruptcy?

In most cases, people will not lose their home if they file for Chapter 7 Bankruptcy. Many people in California have little or no equity in their homes and do not have worry about a forced sale of ...
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What Can a Chapter 7 Bankruptcy Do For Me?

Every year millions of Americans file for bankruptcy. As the country slides deeper into recession, millions more will be filing for bankruptcy in the upcoming future. There are numerous things that a ...
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How Often Can I file for Bankruptcy?

After a Chapter 7 bankruptcy discharge, you can file for Chapter 7 again after 8 years have passed from the previous Chapter 7 filing. You can file for Chapter 13 bankruptcy with no time restrictions ...
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Driver's License Suspension and Bankruptcy

Many people to not realize that if you are sued for a car accident, you can have your driver's license suspended. Let's say that you are at fault for a car accident and are sued for damages. The other ...
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