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What happens if I file for bankruptcy? Filing for bankruptcy after you’ve defaulted can protect your assets from being seized by the lender or creditor. How it works depends on the type of ...
Chapter 7 is the more advantageous type of bankruptcy because it costs less to file and allows you to eliminate your debt, no matter how much you owe. However, to file for Chapter 7 bankruptcy ...
How Chapter 13 bankruptcy works. Upon filing for Chapter 13 bankruptcy, you must submit a proposal for repaying all or part of your debt, which includes a detailed account of your income, expenses ...
If you decide not to file for bankruptcy, a credit counselor can still create a debt management plan for you. Similar to Chapter 13, a debt management plan is a systematic approach to paying off ...
Declaring bankruptcy can help gain control of unmanageable debt, but it comes with long-lasting consequences. Here's what to expect. Declaring bankruptcy can help gain control of unmanageable debt ...
A Chapter 7 bankruptcy is known as liquidation bankruptcy. When you file this type of bankruptcy, you are typically required to: ... What happens to your auto loan if you file for bankruptcy.
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