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Understanding Bankruptcy Basics: Who Can File?

Sudden events like divorce, injury, or job loss can cause an individual to fall on difficult financial times. If a person’s debt obligations begin to exceed his or her monthly income, it’s time for that individual to begin looking for a solution to this financial problem. For many individuals, filing for bankruptcy is the best way to help alleviate financial burdens.

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If you are considering filing for bankruptcy, one of the first things you need to know is whether or not you are eligible to file a bankruptcy petition. In the United States, every citizen is technically eligible to file this kind of petition. However, as this video explains, this is a complicated process that requires the help of a local bankruptcy attorney.

Are you ready to learn more about filing for bankruptcy? If so, contact the Schaumburg law office of Cutler & Associates, Ltd. by calling (847) 849-1834.

More from Cutler & Associates, Ltd.: Filing for Bankruptcy, Cutler & Associates

Categories: Bankruptcy Blog

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