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March 2014 Archives

Chapter 13 bankruptcy case reveals possible shady bank dealings

Bankruptcy can seem like a frightening prospect and fearful undertaking, but it doesn’t have to be. Bankruptcy is, over anything else, an option for people who are facing debt that they cannot repay. It is relief from crushing debt and incessant creditor harassment that allows people to move on with their lives. However, bankruptcy can be a complex procedure, and adequate legal counsel is highly recommended.

Reality TV star Chrisley files for bankruptcy

It’s no secret the economy has been struggling for a number of years. With each passing year, finances for some are becoming more and more strained. It happens sooner for some people than for others, but many of Americans are struggling to pay their bills. A large state like Texas has families in many financial ranges, and some could benefit from filing for bankruptcy if they are facing overwhelming debt.

Chapter 7 bankruptcy could be the debt relief you need

When you find yourself struggling with debt, your best option to get a fresh financial start may lie with bankruptcy. Filing for Chapter 7 bankruptcy is the quickest and most common way to get debt relief through bankruptcy. It allows people who have come under more debt than they can handle to manage their finances by reducing some debts, eliminating others entirely or helping them find ways to pay the debt off. In some cases, it may require you to liquidate some of your assets to achieve this reduction to debt, but Texas laws exempt some personal assets.

Debt relief options for student loans

Some of the biggest buzz words, when it comes to debt relief, refer to adults who have hit a struggling point in their careers. Words like foreclosure and repossession are used to give people an indication of the types of tragedies they can avoid by filing for bankruptcy. But what about one of the biggest problems facing the future of America? What hope is there for the young adults who don’t even have homes to foreclose on or vehicles to repossess?

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