Bankruptcy: Is It the Right Solution to Your Debt Problems? by Robin Leonard

By Robin Leonard

Attempting to come to a decision even if to dossier for financial ruin? This ebook from consumer-debt specialist Robin Leonard addresses questions and matters which may be maintaining you up into the wee hours of evening, together with: *Will I wipe out all of my bills? *Will I lose my apartment? *Will I lose my house? *Can I maintain my automobile and different estate? *Can I maintain my charge cards? *Will I lose my activity? *Will I lose custody of my young children? *Will i am going to penitentiary? *Will a person from the financial disaster courtroom stopover at my domestic or company? *Can I flow? *Can i alter jobs? *Can i am getting divorced? *Will my acquaintances and buddies discover? *Is it not easy to dossier? *Will I have the ability to get credits sooner or later? *Will I have the capacity to lease an condominium sooner or later? *Is financial ruin even beneficial? With those compassionate solutions in hand, you can still make the simplest judgements to your monetary destiny. The 2d version is totally revised to mirror the newest financial disaster principles, together with alterations on your state's exemption legislation that allow you to shield your private home.

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Extra info for Bankruptcy: Is It the Right Solution to Your Debt Problems? Second Edition

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3/15 3. Business Partners ............................................................................................. 3/17 3/2 Bankruptcy: Is It the Right Solution to Your Debt Problems? T he primary reason why a person files for bankruptcy is to get rid of debts—either immediately (in a Chapter 7 bankruptcy) or over time (in a Chapter 13 bankruptcy). This chapter explains what types of debts are, and are not, “discharged” (wiped out) in a Chapter 7 bankruptcy, and what types of debts you might still owe after your Chapter 13 bankruptcy is over.

Sales, use, and poll taxes are also probably not dischargeable. If you owe any of these nondischargeable, business-types of tax debts, see a bankruptcy attorney. d. Child Support and Alimony An obligation that has been labeled child support, alimony, or something similar will not be discharged. Some other debts may also escape discharge under this exception, even though they are called something else. The most common examples of this type of debt are certain marital debts—the debts one spouse agreed to or was ordered to pay when a couple divorced.

2/7 7. Your Proposed Budget Must Be Reasonable .................................................... 2/7 8. Your Debts Must Not Be Too High ................................................................... 2/8 2/2 Bankruptcy: Is It the Right Solution to Your Debt Problems? A lthough bankruptcy might be a fine solution to your debt problems, you may not be eligible to file. For example, Chapter 7 bankruptcy isn’t available if you’ve already received a Chapter 7 discharge in a case filed within the previous six years.

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