When Should You Consider Chapter 13 Bankruptcy?

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Considering filing bankruptcy is never an easy decision, but if you’re finding it difficult to keep up with your debts, a bankruptcy might be the best option for your wallet, your credit and your stress levels. Chapter 13 bankruptcies won’t discharge all of your debts as quickly as Chapter 7 bankruptcies will, but Chapter 13 is a better option for some people. If you choose to go forward with Chapter 13, you’ll receive a proposal for a repayment plan with monthly installments to be paid over a 3- to 5-year period.…

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Tips For Those Considering Bankruptcy Protection

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Debt can have a devastating effect on your quality of life and financial future. Unfortunately, individuals can amass far more debt than they can reasonably pay off. When this happens, a vicious cycle can be created where individuals gradually fall further into debt. Understand The Various Types Of Bankruptcy Protection You Can Seek There is a misconception among many individuals that there is only one type of bankruptcy. However, there are many different types of bankruptcy protection that can be sought by individuals and companies.…

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Factors That Affect Your Repayment Plan In Chapter 13

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Chapter 13 bankruptcy is the branch that requires a person to repay the debt they owe, and people often choose this branch if they do not qualify for Chapter 7 or if they would benefit more from this chapter. If you are considering using Chapter 13, you will have a repayment plan you must use for the next three to five years, and here are the top factors that will affect the amount you must pay for this plan.…

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