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Focus on bankruptcy attorneys with local expertise. Besides being familiar with bankruptcy laws, the attorney should be familiar with the local laws of the court where your bankruptcy case will be ...
How does bankruptcy affect your credit? Both Chapter 7 and Chapter 13 will bring your credit score down significantly. If you start out with a credit score of 700 or higher, point losses of 200 or ...
Find a lawyer. The first step to filing for bankruptcy with student loans is locating a lawyer who has expertise in this area. It’s important to find an experienced professional, as not every ...
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The law also allows filing fees to be waived for debtors earning below 150 percent of the federal poverty level. Increased attorney liability and costs. Attorneys representing bankruptcy filers are now required to conduct an investigation of their clients' filings and can be held personally liable for inaccuracies.
One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees. After satisfying certain requirements, bankruptcy law permits courts to approve the rejection of labor contracts by the debtor-employer. With this tool, airline managers reduce costs.
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