Filing Bankruptcy

Become a budget guru

Become a budget guru

Let’s be honest creating and sticking to a budget is difficult.  We live in a world where spending has become easy – we can shop on our phones.  Yet budgeting is an essential skill that allows...

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The Bankruptcy Process

The Bankruptcy Process

As you begin your bankruptcy journey, it’s good to know the route and how long it will take to get to your final destination of financial freedom.  If you are filing under chapter 7, then you can...

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What is bankruptcy

What is bankruptcy

Bankruptcy is a process which allows individuals and businesses to eliminate or repay some or all of their debts. The process is in place to give you, as a debtor, protection and a second chance...

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What Is A Trustee?

What Is A Trustee?

If you’re filing Chapter 7 or Chapter 13 bankruptcy, a trustee will be appointed to oversee your case. This bankruptcy trustee is responsible for liquidating, or selling your non-exempt assets,...

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What Exactly Is A “Means Test” ?

What Exactly Is A “Means Test” ?

If you’re a debtor considering bankruptcy, you’ve probably heard of the “means test.” The “means test” is simply that—a way to determine if you have the “means” (ability) to pay...

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How to Discuss Bankruptcy with Family and Friends

How to Discuss Bankruptcy with Family and Friends

If you’re thinking of filing bankruptcy, you’re probably wondering how you can discuss your decision with loved ones and help them to understand your choice. Below are a few tips on how you can...

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Credit Counseling and Debtor Education

Credit Counseling and Debtor Education

In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act. The Act requires that individuals filing for bankruptcy complete a credit counseling course prior to filing. It...

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Exemptions, assets, liens…oh my.

Exemptions, assets, liens…oh my.

Unfamiliar with the all the legal and bankruptcy jargon you keep hearing and seeing?  Understanding common bankruptcy terminology will help you navigate the bankruptcy process. Here are 10 common...

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Which Chapter Is Right For You

Which Chapter Is Right For You

If you’re faced with mounting debts, pesky bill collectors, and not enough money to handle it all, you may be considering bankruptcy. But which bankruptcy chapter is right for you? Let’s take a...

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How Exemptions Protect Your Assets

How Exemptions Protect Your Assets

One of the most common misconceptions about bankruptcy is that debtors filing bankruptcy will lose all of their possessions. Nothing could be further from the truth. The good news is that most...

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