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Bankruptcy : Business & Finance

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Bankruptcy & Secured Items

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Bankruptcy has a different effect on debts and property depending on whether the debt or property is secured or unsecured. A secured item of property is subject to a creditor's lien, and bankruptcy does not eliminate liens. Bankruptcy only discharges personal liability on debts. The lien also has an...More...

Preparing Yourself For Bankruptcy

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Have you been in a rough financial time and been thinking about declaring bankruptcy?Well, there are a few things you take in preparing yourself for bankruptcy in order to ensure that you make the most of your situation....More...

How to Calculate for a Bankruptcy in Florida

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When pursuing relief via bankruptcy, you need to provide your bankruptcy attorney with a variety of financial documents. Your bankruptcy attorney will use these documents to prepare your bankruptcy case. The bankruptcy attorney uses your income to determine which chapter of bankruptcy you should fil...More...

How to Deal With Christian Bankruptcy

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Bankruptcy is caused by many things among them long illnesses, especially in cases of people who do not have medical insurance. In this case, it might be as a result of recklessness as cases of Christian insolvency seem to assume....More...

Who Pays My Car Loan If I Die?

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Your estate is responsible for paying your debts after you die. The creditor to whom you owe the car loan has the right to pursue repayment of the loan even following your death. Unless you have insurance to cover the outstanding debt, state law will determine in what order your debts get paid from ...More...

How Often Can a Person File Chapter 13?

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Chapter 13 bankruptcy is also called the wage earner's plan. If an individual or couple find themselves in financial hardship after previously filing Chapter 13, there are certain circumstances where they can file Chapter 13 again. Under the bankruptcy court, the regular earner pays for all or part ...More...

Manage Your Medical Loan Right

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A lot of people think that times have always been difficult for them, and no matter how much they earn, it seems to never be enough anyway. Sometimes, even if it's enough, it's really just that-enough. Many people live from paycheck to paycheck and more than 50% of the middle class America...More...

Discharging Taxes

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Facing mounting debts can be very stressful and burdensome for you and your family. As back due bills continue to grow, you may not know where to turn or what to do. Different debt advisers may offer conflicting pieces of advice, which may or may not apply to your specific situation. For the most pr...More...

Bankruptcy Law Basics

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Bankruptcy laws were enacted in the United States in 1978 to "give debtors a financial fresh start from burdensome debts," according to the Office of the United States Courts.The Bankruptcy Code, Title 11 of the United States Code, is a federal standard that governs all bankruptcy cases.......More...

Can I Claim Myself As a Dependent on Taxes?

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The Internal Revenue Service only allows a person to be claimed as a dependent on one income tax return because for each dependent claimed, you lower your taxable income for the year. Each dependent grants you one income tax exemption. Knowing how to file yourself as a dependent minimizes your taxes...More...

Filing For Bankruptcy - Chapters 7-11

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Under the United States Code of law, Title 11, the federal government takes bankruptcy under its wing by providing several types of bankruptcy for which you are able to file. Although some people may look at bankruptcy as a shameful thing and will only file for it as a last resort, it can actually r...More...

Do It Yourself Bankruptcy in Canada

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Canadian debtors can file for bankruptcy as a solution to unpaid debts. A bankruptcy will generally discharge all unsecured debt, but will not eliminate secured debt, such as a vehicle or a home. All bankruptcies in Canada must be filed with a bankruptcy trustee who has been licensed by the Office o...More...

How to File Bankruptcy in Ohio

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In Ohio, two courts handle all bankruptcies for the state--the Northern and Southern Ohio bankruptcy courts. Filing for bankruptcy in Ohio is more challenging than in other states, as Ohio provides fewer exemptions for personal property and homes. Nonetheless, Ohio has the eighth-highest rate of ban...More...

Company Financial Insolvency

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In the UK if a company is unable to pay its debts then we say that company in not solvent. Now when this happens there could be many reasons that the company has hit this point and that does not necessarily mean that that is the end of the road for that organisation....More...