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Choosing a bankruptcy lawyer

By bankruptcyissue at 2010-08-03 02:11:58
Filing for bankruptcy is no mean task. The laws related to it can get difficult to understand and more often than not you will get lost in it all. At these times, a good idea would be to have a bankruptcy lawyer guide you through the entire process. Once you decide that you will need the services of a bankruptcy attorney, the next task is to zero in on one that can really help you.

The simplest way to find a bankruptcy lawyer is to ask for recommendations from your friends and family first. I
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Clearing personal bankruptcy myths

By bankruptcyissue at 2010-08-03 01:57:07
Filing for bankruptcy comes after a great deal of events. Some of them may be unforeseeable and often end snowballing into a bad situation. A bankruptcy situation can arise not only from frivolous spending and lack of financial management. It can also happen where there are several unbudgeted for expenses. These can be illnesses, natural disasters, unemployment, divorce settlements etc.

There is a lot of information available on personal bankruptcy. Not all of it is always accurate. There ar
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Getting over personal bankruptcy

By bankruptcyissue at 2010-08-03 01:51:48
When you file for bankruptcy, it can have a very traumatic effect on you. The process of bankruptcy is such that the fact remains on your credit card report for a period of 10 years. Besides this, it can also lead to social isolation from your peers. Being branded bankrupt can have a very negative impact on your personality as well as your character, which need not always be the right perception. But through it all, bankruptcy is something that you can overcome.

One of the first things you n
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Things to know before declaring bankruptcy

By bankruptcyissue at 2010-08-03 01:42:11
Declaring bankruptcy can affect several aspects of your life – on the financial as well as personal front. It is a serious decision which should not be taken without careful though and consultation with the right experts. You should look into and assess the potential of all the alternatives available before you decide to file for bankruptcy. This warning however, does not go to say that declaring bankruptcy is not a good idea for many, it definitely can be the only solution in some cases. Take
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Should I declare bankruptcy?

By bankruptcyissue at 2010-08-03 01:35:09
Declaring personal bankruptcy is not a simple task. It requires a great deal of thought as well as an in-depth understanding of the consequences. The first thing you need to do is discuss this with the experts – talk to a credit counselor or a bankruptcy lawyer. They will be able to tell you the pros and cons of declaring personal bankruptcy after assessing your financial situation.

Not everyone is eligible to bankruptcy under chapter 7. You will be subjected to a means test that will dete
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