2013 Articles

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Georgia Ranks High in Bankruptcy Rates

In the state of Georgia, 72,198 personal bankruptcies were filed in 2011. At 7.35 filings per 1,000 people, that put the state at the second-highest in the country in bankruptcy rates. Nevada led the ...
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Exemptions in Georgia Personal Bankruptcies

Exemptions are the types of property you are allowed to keep when filing for a personal bankruptcy, such as a Chapter 7 or Chapter 13. Georgia has its own set of exemptions for bankruptcy, which must ...
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Who is filing for bankruptcy?

According to the Institute for Financial Literacy, more than one million people filed for bankruptcy in 2008. The demographics associated with this were reported as follows: In terms of education, the ...
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Awareness of Options Becomes Increasingly Important as OC Foreclosure Rates Continue to Decrease in 2013

Home foreclosure rates in Orange County and throughout the state are continuing to show a strong decrease in the first two months of 2013. The main reason behind the drop is the Homeowner Bill of ...
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Do you have a shopping addiction?

A shopping addiction can lead to serious financial problems, especially for those who satisfy their shopping urges through continual credit card usage. This type of compulsive shopping has been ...
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What to Expect After a Personal Bankruptcy

For those who find that filing for bankruptcy protection is the right move for them and their family the first thing most often experienced is an enormous sense of relief. The contrast between being ...
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How Do You Know If You Qualify For Bankruptcy?

Not everyone qualifies for a Chapter 7 bankruptcy (sometimes referred to as a straight bankruptcy) and there is a specific method used to determine eligibility called "The Means Test." The ...
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Exemptions in Illinois Bankruptcy Cases

When filing for bankruptcy in Illinois, you must follow the state laws regarding exempt property. This is property and assets which cannot be used by the bankruptcy court in your case. Such property ...
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Repeat Bankruptcy Filers Increasing

In a report published by the Albuquerque Journal, Americans filing for personal bankruptcies in the past few years are doing so with less debt and less assets. The reduction in debt may be due to the ...
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$200 Million in Sandy Insurance Claims Still Being Held Up by Banks

Some New York residents hit hard by hurricane Sandy last October are still waiting to receive insurance payments that they desperately need. The reason for the hold up? According to Governor Andrew ...
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Short Sales Lead to a Decrease in San Diego Foreclosures

California is ranked number 8 on the list of foreclosures in the U.S. for the month of January but the number of foreclosures in the state is down by 39% from December 2012 and down 65% compared to ...
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Coach Accused of Bankruptcy Fraud by Creditors

Creditors filed complaints with the U.S. Bankruptcy Court this week alleging that John Smith, former coach for the Arkansas Razorbacks football team, committed two acts of fraud when he filed for ...
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Are You Fed Up with Being Harassed by Creditors?

The last thing anyone needs when experiencing the stress of overwhelming debt is to have hostile collection calls day and night. If creditors and collections agents are calling you excessively or ...
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Personal Bankruptcy Counseling and Education Requirements

Since 2005, changes made to federal bankruptcy laws require that those who file for personal bankruptcy must complete credit counseling before filing and debtor education after filing. Only ...
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Misconceptions about Personal Bankruptcy

Many misconceptions persist concerning bankruptcy, its process, consequences, and reflection of character. Many people do everything they can to avoid becoming another bankruptcy statistic, feeling ...
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Rising Student Loan Debt Seen by Bankruptcy Lawyers

The National Association of Consumer Bankruptcy Attorneys released a survey recently which showed that close to half of all U.S. bankruptcy attorneys have noted a rise in student loan debt for their ...
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Your FICO Score

Nearly everyone has heard of the FICO score, that magic number which rates your credit-worthiness. FICO stands for Fair Isaac Corporation, the company that created the standard that is used throughout ...
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Personal Bankruptcies Fall in 2012

Consumer bankruptcy filings decreased in 2012 according to statistics issued by the American Bankruptcy Institute. According to the Executive Director of the Institute, the number of 2012 filings ...
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Is Bankruptcy Right for You?

The consideration of whether to file for a personal bankruptcy can involve tough decisions and a real examination of your financial situation and potential debt relief options. You may consider a ...
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California a Top Bankruptcy State

Personal bankruptcy filings fell in 2012. Despite this, California was one of the leading states in bankruptcy filings per capita. In 2012, close to 142,000 Californians filed for bankruptcy. Three ...
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