What does the automatic stay enforce?

By claiming bankruptcy, individuals may be able to rearrange their finances to create a more successful future for themselves. Although filing for bankruptcy can be a scary process, it can prove to be quite beneficial. With the requirements for eligibility, individuals can become more educated about their finances and how to handle transactions in the […]

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How is individual bankruptcy beneficial?

During tough financial times, individuals may not know where to turn. If you are facing this situation, it may be time to consider bankruptcy. Individual bankruptcy can help you adjust your financial status and create a plan. You may be able to prepare for a more financially successful future. By claiming bankruptcy, creditors will no […]

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When should I consider filing for bankruptcy?

For those struggling through tough financial times, it can be a stressful period in their life. Individuals face issues such as losing their home and not being able to provide for their families. This is a scary thought since it creates uncertainty about the future. People do not like to be uncertain. If you find […]

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How can the Loss Mitigation Program help me?

Through loss mitigation, individuals may be able to reach a solution to avoid losing their property to foreclosure. The Loss Mitigation Program is a tool these individuals can use to reach a solution that best fits their situation. Loss mitigation may be able to save your home and it may also help to eliminate increased […]

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Why is Chapter 11 bankruptcy called business bankruptcy?

Since Chapter 11 bankruptcy is used for businesses that are in financial distress, it is often referred to as business bankruptcy. During this time, it allows businesses to keep their doors open. These businesses can still function with their everyday operations while working toward paying off their debts. This is the main procedure businesses use […]

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