Bankruptcy Law

What Does “Fresh Start” Mean in Bankruptcy?

When bankruptcy services are being advertised, the expression, “fresh start” appears frequently. “Fresh Start” refers to the legal and bankruptcy filing process, which is designed to help individuals who are unable to repay their creditors. An individual may choose to file bankruptcy to get a “fresh start,” and liquidate assets or create a viable repayment

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Advantages & Disadvantages of Filing for Bankruptcy (When And When Not To File)

Unfortunately, there has been a longstanding (and unjustified) stigma associated with filing for bankruptcy. When bad things happen to good people, bankruptcy makes it possible to start over. There are advantages to filing for bankruptcy including eliminating overwhelming debt, learn from any financial mistakes you may have made in the past, and set the stage

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Understanding the Means Test

If you are considering filing for (personal) bankruptcy, understand that you have two options: a Chapter 7 filing or a Chapter 13 filing. While these two types of bankruptcy have the same aim – discharging your eligible debts and freeing up your financial situation – they go about it differently.    Chapter 13 bankruptcy (often

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