Blog Posts in November, 2015

  • What is a bankruptcy exemption in Chapter 13 bankruptcy?

    Last week, the differences between different types of personal bankruptcy, Chapter 7 and 13, were discussed and one of the differences briefly touched upon was bankruptcy exemptions. When property is exempt from the bankruptcy process that means it will not be liquidated in order to satisfy creditor's claims. Under Chapter 7 bankruptcy, some assets are sold in order to repay creditors as much as ...
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  • How does Chapter 7 bankruptcy differ from Chapter 13?

    The term "bankruptcy" is generally used to denote a procedure whereby debts are discharged, but few people are aware that there are various types of categories that a person can file under, depending on various factors. When it comes to personal bankruptcy, it is possible to file under Chapter 7 or Chapter 13 bankruptcy. How can someone decide which one to file under? The most important factor is ...
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  • Stop creditor harassment with Chapter 7 bankruptcy

    When an Arizona resident or family is facing overwhelming debt and a precarious financial situation, problems usually seem to pile on top of each other. For instance, missing a monthly payment on a loan can result in late fees or interest rate increases. This can then lead to a lower credit score. From there, it may become harder just to make minimum payments, and that can lead to the possibility ...
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