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as you may already know the current economic crisis and has caused millions of people he's
here
two-thirds of federal bankruptcy protection to eliminate their debt
and get a fresh financial started bankruptcy was in their first choice but it was their
best choice
the following questions and answers may help you decide whether pregnancy can be your best
choices one what is going to sing bankruptcy is a legal process provided by the u_s_ constitution
which allows consumers and businesses to eliminate most or even all of their dead in just a few
short months visit positive and sensible choice for many will fall behind in their bills lost
their employment more fell victim to the mortgage meltdown
because also putting and interesting creditors stop for closure garnishment from their losses
there are two major types of consumer bankruptcies chapter seven and chapter thirteen
in a chapter seven bankruptcy you could wipe out unsecured debt such as credit card debt
medical bills liability from a repossession of her closure and much more you can also
white house security as such as a home loan
if u on the home you have to options number one surrender the house if you can't afford
the payment or an effort to keep the house and continue to make your payments
when you have paid off your loan he will all of the house of free and clear it chapter
seven bankruptcy is a common choice for most however you must qualify and it can be difficult
because eligibility is based on your household income
h chapter thirteen bankruptcy is against the stream debt repayment plan that lasts three
to five years
prepaid amount varies depends on your income did not notice anti-trust at the texas your
papers could be as little as one hundred dollars per month depending on your circumstances
h after thirteen is a common choice typically if you'll fall behind in your mortgagor bills
and it's time to get current don't qualify for chapter seven or have equity in assets
that we've taken by creditors
when do i need bankruptcy
uh... aside from the usual indicators such as inability to pay bills lawsuits they gladis
regard as rats
one clear sign that bankruptcy may be necessary
is if your unsecured debt credit cards is more than one-third of your annual income
if your dad is greater than one third of the net income then you will likely never be able
to pay off your debt
you won't be able to however
instead of saving for future retirement you will end up paying your debt for the rest
of your life always trying to catch up
why he is bankruptcy better than debt settlement that settlement attempts to negotiate your
debt over a very long period of time to be three to five years
with no guarantees for success
during this time your credit continues to drop because no payments are being made to
the creditors and additionally you are not legally protected from lawsuits and judgments
bank levees garnishment
and even if a settlement is reached you pay substantially merely to reduce a portion of
your debt
a big issue however can eliminate your debt and begin rebuilding your credit you need
healing as you move forward with your financial fresh start clearly it's easy to see why bankruptcy
could be the best decision you can make
called the biggest experts at california bankruptcy relief and the law offices of paul widely
and learn how we can help you decide in your best options today