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Posted By Bronson Law Offices
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21-Jan-2014
If you are struggling with keeping your mortgage payments current, eventually you will face foreclosure. The absolute dread and fear that people experience in this position is extremely stressful, and no day goes by without worry about what will happen next. If you are interested in taking action to avoid foreclosure on your home, it is time to discuss filing Chapter 13 bankruptcy. Chapter 13 is ...
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Posted By Bronson Law Offices
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14-Jan-2014
If you are in financial trouble, and considering filing for Chapter 7 bankruptcy protection, you probably have questions about how the Chapter 7 means test works. This test evaluates your current monthly income against your debts, as well as all other assets and liabilities. The test was an added requirement for filing Chapter 7, so that only people who are really in financial trouble can file for ...
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Posted By Bronson Law Offices
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7-Jan-2014
The major difference between seeking bankruptcy protection under Chapter 7 and Chapter 13 is that a Chapter 7 bankruptcy will actually discharge, or wipe out, many unsecured debts while a Chapter 13 bankruptcy sets up a payment plan whereby the debtor has 3 to 5 years to catch up on payments. In a Chapter 7 bankruptcy, you are able to keep certain types of property that are exempt, such as the ...
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