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deformed williamsburg
by the united states news
if you are considering bankruptcy
this video will give you basic information about the process
the relief it offers and how to find the legal help you may need
thank you for watching this video on bankruptcy basics
this video will explain why bankruptcy gave and what happens in a bankruptcy case
this information is provided to help consumers individuals like you understand the bankruptcy
process
people or having trouble paying their debts
sometimes considered bankruptcy as a remedy for this situation
bankruptcy is our legal process
by which you can deal with your debts when you can no longer paid them
by filing bankruptcy many individuals find that they're anybody get most if not all bills
discharged
meaning
wiped out
keep most if not all of their property
and or get extra time to pay bills if you have a regular income
an individual called objector
usually files bankruptcy to obtain a discharge
which will wipe out all or most of his or her death
so that they will not have to be paying
unmarried person may file alone or with the person's bounce
once the bankruptcy begins
creditors can not try to collect debts from the bankruptcy debtor or saying the debtor
to obtain a judgment
with a few exceptions the creditors have no claim on the debtors future income or future
asset
he is not the only way to deal with too much debt
in some situations another approach might be better
alternatives may include an out of court settlement with creditors
reduction of payments to creditors
attaining help from a consumer credit counseling service
or payment of debts by selling or borrowing on property
these alternatives however require some cooperation from creditors
and are more likely to succeed if tried soon after financial difficulties began