small business bankruptcy

Business Bankruptcy Options That Are Common For Small Businesses

Filing for business bankruptcy is never in a small business owner’s plans. Open starting a business, most have high hopes and grand plans that they will be successful, both financially and regarding their public image. Even if the latter is strong, sometimes financial failure happens. When it does, many business owners are faced with the […]

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file bankruptcy while living overseas

How to File Bankruptcy While Living Overseas

There are many reasons you might file bankruptcy, whether you’re living in the United States or abroad, but the process becomes more complicated internationally. There are different rules in place to qualify for Chapter 7 or 13 if you’re living off US soil, and especially if you don’t possess American assets. The decision-making process of […]

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Preparing for a Bankruptcy Consultation

Tips to Prepare for a Bankruptcy Consultation

Filing for bankruptcy can be a long, difficult process, but if you’re working with the right attorney, it can also be relatively painless. Starting with a bankruptcy consultation with a reliable, informed lawyer is a step in the right direction. Although the Internet offers a treasure trove of general information about bankruptcy, due to the […]

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What Is a 722 Redemption?

One of the worries that people have when they are filing for a Chapter 13 or Chapter 7 bankruptcy is losing their car. In fact, fear of losing their car is one of the biggest things that holds people back from filing for bankruptcy.

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How to File for Bankruptcy with No Money?

Anyone who has ever done a Google search for “how to file for bankruptcy with no money” has no doubt seen the ads offering so-called free bankruptcy filings. As with most things, these are too good to be true.

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How Bankruptcy can Help Your Credit

To understand just how bankruptcy can help with your credit, first you need to understand how long certain items stay on your credit report. For entries such as late payments, charge-offs, collections, tax liens, judgments, and foreclosures the magic number is seven. These items stay on your report a full seven years. Another troublesome thing is that “hard inquiries” remain visible for two years and can cause your score to dip for as much as six months.

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Bankruptcy vs. Paying Off Debt

There are people who think that bankruptcy is the worst fate ever. It’s not, and nobody gets to the point where they’re considering filing for bankruptcy without a lot of lost sleep.

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