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Blog Posts in February, 2015

What Happens Before You File Chapter 7?

In order to file for chapter 7 bankruptcy, you must meet the “means test.” This test compares your income to that of median income statistics in your area. If your income is below this ...
Continue reading "What Happens Before You File Chapter 7?" »

A Guide to Rebuilding Good Credit After Bankruptcy

Building credit following bankruptcy is difficult, but it's not impossible. Having a bankruptcy on your record means you will end up paying more to borrow money, as you are now considered a ...
Continue reading "A Guide to Rebuilding Good Credit After Bankruptcy" »

Chapter 7 Bankruptcy: Your Rights and Responsibilities

Unlike chapter 13 bankruptcy, chapter 7 bankruptcy does not involve filing a repayment plan. Instead, your bankruptcy trustee will gather and sell all of your nonexempt assets and use the sale ...
Continue reading "Chapter 7 Bankruptcy: Your Rights and Responsibilities" »

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