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Easy Ways to Pinch Your Pennies and ...
08/04/2010
If your income falls short of your expenses at the end of each month, your budget needs to change—either by adding more income or ... » read more

Is Your Economy Improving?
04/28/2010
When your credit card statement shows that minimum monthly payments will repay your loan in 80 years, you should consider your options. » read more

Will I lose my house if I file ...
04/08/2010
So long as you remain current on your mortgage the bank will not take your home.  You also need to stay current with your second mortgage, ... » read more

Careful with Those Retirement Savings!
04/05/2010
If you’re thinking about dipping into your retirement accounts to pay off your credit cards, think again. Even if your lenders agree to ... » read more

 

What can bankruptcy do for me?

Bankruptcy has the power to:
  • Eliminate the legal obligation to pay most or all of your debts.  This is called a "discharge" of debts.  It is designed to give you a fresh financial start
  • Stop foreclosure on your house and give you the opportunity to catch up on missed payments.  However, bankruptcy does not automatically eliminate mortgages and other liens on your property without payment.
  • Prevent repossession of a car or other property, or force the creditor to return property even after it has been repossessed.
  • Restore or prevent termination of utility service.
  • Stop wage garnishment, debt collection harassment, and similar creditor actions to collect a debt.
  • Allow you to challenge the claims of creditors who have committed fraud or who are otherwise trying to collect more than you really owe.

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