2013 Articles

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Hidden Medical Costs Cause Severe Financial Difficulties for Individuals and Families

According to a study conducted by Harvard University, overwhelming medical bills are primary reason why people file for bankruptcy. The study looked at a sample of over 2,300 bankruptcy filings and it ...
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Better Reporting by Credit Bureaus on Bankruptcy Debts

Credit bureaus, such as Experian, Equifax, and TransUnion, are supposed to show that any debts that have been discharged through bankruptcy be made clear on a consumer's credit report. In the ...
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Georgia Retirees Find Pension Advances May Cause more Harm than Good

Retired public workers and others with a retirement pension who have tried to solve their current financial difficulties with a pension advance find they may have just delayed the problem and often ...
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Georgia Still has Second Highest Bankruptcies despite Reduced Filings

The number of bankruptcy filings in Georgia is down 15 percent but our state is still in the number two spot for highest bankruptcies in the nation. According to the American Bankruptcy Institute, the ...
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Don’t Engage in These Actions Before Bankruptcy

If you are considering filing for bankruptcy, it is important that you do so properly. That means that you do not want to engage in any actions which could be considered suspicious by the bankruptcy ...
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Secured vs. Unsecured Debt in Bankruptcy

For those swimming in a sea of overwhelming debt, filing a personal bankruptcy petition may be the optimum solution for getting your head above water. A Chapter 7 or Chapter 13 bankruptcy can end ...
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The Automatic Stay in Bankruptcy

Once you file a bankruptcy petition, whether in a Chapter 7 or Chapter 13 case, the court will impose an automatic stay against the creditors listed in your case. This court action gives you ...
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Equifax Reports Consumer Credit Cards Recovery

Equifax in its latest report called National Consumer Credit Trends states that data shows new credit originations have been moving back towards previous higher levels. The number of new credit card ...
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Video Game Company Seeks Chapter 11 Debt Protection

Houston-Area Developer Under Financial Fire In a recent move prompted by an appellate court decision to reinstate the $9 million debt against video game developer TimeGate Studios Inc, a business ...
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Chapter 13: An Overview

If you, like millions of Americans, have found yourself struggling financially during the last few years, you are not alone! When the ever-increasing weight of debt begins to seem like too much of a ...
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Chapter 7 Vs Chapter 13

Choosing The Best Bankruptcy Claim For You And Your Family Every year, millions of US citizens are forced to file for bankruptcy in order to survive these troubled financial times. Should you find ...
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Understanding The Means Test

Do you qualify for Chapter 7 debt liquidation? If you and your family are suffering from crushing financial debt and you cannot see a way out, there is a way to end creditor harassment and earn a ...
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Would You Like to Get Rid of a Second Mortgage?

If you are overwhelmed by debt which includes a first and second mortgage on your home then you should consult with a knowledgeable bankruptcy attorney as soon as possible to discuss your options. ...
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Understanding the Means Test and Filing for Bankruptcy

Bankruptcy is never something individuals or families pursue lightly but when it becomes impossible to keep up with financial obligations in difficult economic situations then filing for bankruptcy ...
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Study Shows Slower Debt Payoff by Consumers

A study published in the journal called Economic Inquiry has revealed important information about borrowing and payoff of credit card debt by American consumers. The study was conducted by Ohio State ...
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Medical Bills and Bankruptcy

An unforeseen illness or injury can lead to spiraling medical expenses which can severely endanger one's financial scene. Add to this factor the loss of work time that may be involved for the ill ...
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Dischargeable and Non-dischargeable Debts in Bankruptcy

Understanding the bankruptcy process is important if you are considering this legal process. Essential to a personal bankruptcy is an understanding of which debts you can eliminate and which ones are ...
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Who is a debtor in an Illinois bankruptcy case?

Under bankruptcy laws, debtors are those who reside in, own a home, business, or property in the state in which they intend to file a bankruptcy petition. Depending on one's situation, including ...
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The Florida Consumer Collection Practices Act

The Florida Consumer Collection Practices Act (FCCPA) protects Florida consumers against certain abuses by those creditors or collection agencies attempting to collect on a debt. This state law ...
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Qualifying for a Chapter 7 Bankruptcy in Florida

In order to qualify for a Chapter 7 personal bankruptcy in Florida, you will be presumed to be eligible if your monthly income is less than the median income in the state for a household of your size. ...
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